JPM’s Michele Tells US Treasury ‘Get Rid of the 20-Year’

Bob Michele, global head of fixed income at JPMorgan Asset Management, said the US Treasury should discontinue the 20-year bond during a Bloomberg television appearance in advance of the November 2026 quarterly refunding announcement. Michele stated that the equity market would experience volatility that could benefit the bond market. He did not provide additional details on his rationale for discontinuing the 20-year issuance.

• Bloomberg — JPM’s Michele Tells US Treasury ‘Get Rid of the 20-Year’

Next story