Australian long-end government bonds Loading... : Investor Sentiment and Bull/Bear Views

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19:26
Sep 16
Bob Michele CIO and Head of Global Fixed Income, J.P. Morgan Asset Management Bloomberg Markets
Long-dated bonds are a good buy
The market has gone too far: the front end prices about four hikes and the long end prices steepness consistent with 750 basis points of hikes, leaving the bond market at maximum pain. JPMorgan was buying 30-year, 10-year, and 20-year bonds after the long end of the US, Japan, and Australia backed up too far. Central banks establishing credibility, starting with the ECB, then the Fed, and expected Bank of Japan, plus the US Treasury Secretary's efforts to stabilize the long end, are the first ingredients; Middle East stabilization is the second. With nominal and real yields at JPMorgan's levels and simply too cheap, this is a good buying opportunity.
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About Australian long-end government bonds Investor Commentary

Across the available history and selected sources, Buzzberg tracks Australian long-end government bonds across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Past 7 days, before deduplication: 1 bullish. Latest voices: Bob Michele.