Bond Duration in Focus for JPM’s Misra as Fed Cuts Loom

Priya Misra, portfolio manager at JPMorgan Investment Management, says, “I think now I have more conviction on duration itself” over a bear or bull steepening of the yield curve. She explains why she is focused on duration and sees more room for rates to fall in the belly of the curve in a soft landing.
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[@Neo-Masculinity]

Absolute nonsense: see below
1. Fed does not control interest rates, market forces do
2. Rates are rising around the world because the global economy is slowing and the cost of capital is rising
3. Fiscal spending is exploding and shows no sign of moderating, which means there is more supply of bonds against shrinking numbers of creditors
4. Political instability and fragmentation means more volatility in bond markets not less
5. Rates move in cycles like everything else so assuming the past 30 year bond cycle will resume lower despite the previously mentioned trends is complacent and dangerous thinking
Since 2021 yields have been higher and inversions are steepening. That communicates the opposite of what this analysis.

[@Amite-zg2ob]

When they just can't shrink their products anymore (shrinkflation) wouldn't it follow that we would have prices surging again?

[@bonaku20]

I think US companies are milking people... as commodities prices fell down long time ago... as you can see their profits were also high in recent times.

[@ThomasinePreziosi]

thanks for sharing with us . this is very helpful for me. Great work