JPMorgan Sees ‘Tremendous’ Opportunity in Treasuries on Fed Cuts

JPMorgan Asset Management says US Treasuries have more potential for gains than European government bonds because traders are underpricing the extent to which the Federal Reserve will reduce interest rates compared with the European Central Bank.

President Donald Trump’s tariffs are more likely to hurt growth than spur inflation, said Myles Bradshaw, the firm’s head of global aggregate strategies on Bloomberg TV. He expects the US central bank will eventually need to cut rates more aggressively, having kept policy on hold for longer.