JPM’s Michele Sees Bond Market Pricing in Worst of all Scenarios

Bob Michele, global head of fixed income at JPMorgan Asset Management, said “let the markets go wherever they’re going” when discussing the impact of the war in Iran and the prospect of inflation on the bond market. His comment signals a neutral, flexible stance—acknowledging potential volatility in rates and bond flows rather than making a directional call on duration or sector positioning.

Analysis

Bob Michele, global head of fixed income at JPMorgan Asset Management, said “let the markets go wherever they’re going” when discussing the impact of the war in Iran and the prospect of inflation on the bond market. His comment signals a neutral, flexible stance—acknowledging potential volatility in rates and bond flows rather than making a directional call on duration or sector positioning.