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J.P.Morgan have adjusted their "rate........>

US TSYS
US TSYS: J.P.Morgan have adjusted their "rate forecasts to reflect the ongoing
spread of COVID-19 in the US, which presents downside risks to growth in 2H20:
we lower our year-end 10-year target from 1.00% to 0.80% and lower our year-end
30-year target from 1.85% to 1.65%. We also adjust our breakeven targets
somewhat higher, particularly in the 5-year sector, to reflect supportive
fundamentals into the September FOMC meeting and upward revisions to our
inflation forecasts: we now look for 5- and 10-year breakevens to end the year
at 155bp and 165bp, respectively."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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