JPMorgan says to book profits on bonds before next possible rate hike
The bank says Fed isn’t done with hiking and sees another rate increase next week.
Bond investors who had bet that central banks were too hawkish in the face of recession risks should now book profits as this week’s rally is overdone.
That’s the view of strategists at JPMorgan Chase & Co. and TD Securities Inc. who say it’s time to close out long positions in Treasuri
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