JPMorgan Chase is bearish on 2-year US Treasuries due to its cautious outlook on the Federal Reserve's interest rate prospects.

02/13 03:20

JPMorgan strategists recommend selling two-year U.S. Treasury bonds as a "tactical" move, citing the resilient outlook for U.S. economic growth, which will make it difficult for the Federal Reserve to cut interest rates significantly. The strategist team wrote in the report: "With strong economic fundamentals, once Kevin Walsh's nomination is confirmed and he takes over as Fed Chair, it will be very difficult for him to influence the Federal Open Market Committee (FOMC) decisions." The U.S. will release a key inflation report on Friday, which may provide clues for the Fed's next steps. If it shows easing price pressures, demand for short-term, policy-sensitive Treasuries may rise. Treasury yields fluctuated this week, influenced by a tech stock sell-off and strong U.S. employment data, sparking market discussion on how Trump's nominee for the next Fed Chair, Walsh, will handle policy. (Jin10)

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