Bob Michelle, head of global fixed income at Morgan Asset Management, said his team has begun buying long-term bonds from the US, Japan, and Australia, saying that the current prices are “really too cheap” and that the market has reached the “biggest pain point.” Michelle believes that a series of interest rate hikes by the ECB, the Federal Reserve, and the Bank of Japan, as well as the possible stabilization of the situation in the Middle East, will be a supporting factor for the bond market. At the same time, he pointed out that US debt has been sold off too much recently, and Treasury Secretary Bezent's long-term debt repurchase plan is an important stabilizing force.

Bob Michelle, head of global fixed income at Morgan Asset Management, said his team has begun buying long-term bonds from the US, Japan, and Australia, saying that the current prices are “really too cheap” and that the market has reached the “biggest pain point.” Michelle believes that a series of interest rate hikes by the ECB, the Federal Reserve, and the Bank of Japan, as well as the possible stabilization of the situation in the Middle East, will be a supporting factor for the bond market. At the same time, he pointed out that US debt has been sold off too much recently, and Treasury Secretary Bezent's long-term debt repurchase plan is an important stabilizing force.