JPM's Michele Flags Entire Treasury Curve as Oversold After Selloff
What happened
JPMorgan Asset Management fixed income chief Bob Michele said the entire Treasury yield curve is oversold following a sustained bond selloff. He characterized current yields as having moved beyond fundamentals. The remarks came as fixed income markets extended losses into late September 2026. Michele's view positions the selloff as technically driven rather than a repricing of inflation or growth expectations.
The QL Read
In a tape with breadth at 35% advancing, VIX up 6.32% to 15.81, and XLF down 0.88% on the day, Michele's oversold call lands against a risk-off session. JPM's QuantLogix composite sits at 51/100 (Neutral) after a -1.49% price move, offering no directional confirmation either way.
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