J.P. Morgan Asset Management bullish on Treasuries as Fed done with hikes

U.S. government bonds are expected to rally over the coming months as the Federal Reserve has likely reached a peak in interest rates, executives at J.P. Morgan Asset Management, the asset management arm of the U.S. largest bank, said on Thursday. "We are long 10-year duration … by the end of the year we would expect the 10-year to be at roughly maybe 3.80%-3.75%," Jed Laskowitz, global head of asset management solutions at J.P. Morgan Asset Management said in a webinar. U.S. Treasuries have had a rough year so far as a surprisingly resilient economy has pushed the Fed to raise interest rates higher to control inflation.