--- title: "JPMorgan Asset Buys Treasuries, Gilts Dented by Inflation Risks" type: "News" locale: "en" url: "https://longbridge.com/en/news/281490454.md" description: "JPMorgan Asset Management is purchasing government bonds from the US and UK, believing inflation concerns have led to oversold market segments. The firm is focusing on shorter-dated debt, particularly in the two-to-five-year range, and sees value in the US, Australia, and the UK. Despite recent market volatility and rising yields, the firm advises a cautious approach to buying, suggesting investors should preserve liquidity and be prepared for further market adjustments. The global bond market has faced significant declines, but opportunities are emerging for strategic investments." datetime: "2026-04-02T08:31:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281490454.md) - [en](https://longbridge.com/en/news/281490454.md) - [zh-HK](https://longbridge.com/zh-HK/news/281490454.md) --- # JPMorgan Asset Buys Treasuries, Gilts Dented by Inflation Risks JPMorgan Asset Management is buying government bonds including those from the US and the UK, betting inflation concerns have left some parts of the market oversold. , a money manager based in Hong Kong, is finding value in shorter-dated debt that has been among the hardest-hit assets following aggressive bets on higher interest rates after the Iran war. The fund favors the two-to-five-year part of the curve, seeing opportunities in the US, Australia and the UK. “We think some value has been created and that’s the first place we should add,” said Vij, who helps oversee the firm’s global bond fund, which gained more than 14% over the three years to February, according to a factsheet. Yields on two-year Treasuries rose to their highest levels since June after surging oil spurred traders last week to price in prospects of Federal Reserve rate hikes. That’s a sharp reversal from before the war, when they expected two quarter-point cuts by year’s end. Comments on Thursday by President Donald Trump signaling more aggressive against Iran are further clouding the outlook for bonds as investors brace for more disruptions to global oil supplies. Already, a Bloomberg gauge of global bond returns lost 3.1% in March, the biggest monthly decline since October 2024. For investors like Vij, the dislocations are opening some opportunities to buy, albeit with caution. He reasons that staying nimble — preserving liquidity and risk capacity — is the best route. “The risk of further repricing in the front end is not completely over,” he said. However, “where we’ve gone from roughly two cuts in the US and two cuts in the UK to three hikes in the UK and flat in the US, you’ve got to start buying them.” Two-year Treasury yields advanced as much as six basis points in Asia Thursday after Trump’s remarks. Those on three-year Australian bonds surged as much as 15 basis points. Even so, Vij argues against rushing in all at once. “Would you fire all your bullets today? Probably not,” he said. But “let’s say you were going to be $100 here — you’d want to have spent at least $50 in the selloff, and you want to have room to add more.” ### Related Stocks - [GOVT.US](https://longbridge.com/en/quote/GOVT.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [IEF.US](https://longbridge.com/en/quote/IEF.US.md) - [BIL.US](https://longbridge.com/en/quote/BIL.US.md) - [VGIT.US](https://longbridge.com/en/quote/VGIT.US.md) - [SCHO.US](https://longbridge.com/en/quote/SCHO.US.md) - [SHV.US](https://longbridge.com/en/quote/SHV.US.md) - [TLT.US](https://longbridge.com/en/quote/TLT.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) ## Related News & Research - [Risk of rising yields seen as diminished](https://longbridge.com/en/news/286783443.md) - [TREASURIES-Yields on longer-dated bonds hit year-plus highs overnight](https://longbridge.com/en/news/286778191.md) - [TREASURIES-Yields rally after slight dip in early trading](https://longbridge.com/en/news/286919787.md) - [Clear Legal Outlook: No Revenue, No Payment](https://longbridge.com/en/news/286876249.md) - [JPMorganChase Declares Common Stock Dividend | JPM Stock News](https://longbridge.com/en/news/286815509.md)