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JPMorgan Asset Management’s Bob Michele has some advice for Treasury Secretary Scott Bessent: get rid of the 20-year bond.

The former CEO of Barclays is in Bahrain to announce that the U.K.-based advisory firm, Panmure Liberum, is opening its first regional office in the kingdom

Bob Michele, global head of fixed income at JPMorgan Asset Management, offers guidance to the US Treasury ahead of the November 2026 quarterly refunding announcement. He says the equity market “is going to go through some of its demons” to the benefit of the bond market and provides his outlook for bond yields. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)