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J.P.Morgan Remain Neutral On Duration And Curve At Current Levels

US TSYS

J.P.Morgan "remain neutral on duration and curve at current levels. 10-year yields are in the middle of their three-month range, and valuations appear modestly cheap relative to their underlying drivers. Moreover, we are less optimistic about the prospects for fiscal stimulus in 2020. Thus, we think the risks are tilted toward lower yields and a flatter curve over the near term."

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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