• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
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JPMorgan expects bond yield stabilization to lift stocks through year-end

FinanceInternationalRevista ADVFN45 s readAI summary
Image: Revista ADVFN

JPMorgan strategists led by Mislav Matejka believe this year's rise in government bond yields may be nearing its limit and that the bond market shows signs of oversold conditions. The bank's fixed income team keeps year-end targets at or below current levels. A stabilization would ease pressure on equity valuations, which have already contracted by about three points for the MSCI All-Country World and the S&P 500. The bank sees more favorable conditions for stocks if yields stabilize and earnings grow.

In 45 seconds

  • JPMorgan believes the rise in government bond yields may be approaching its limit, with signs of oversold conditions in the bond market.
  • The bank's fixed income team keeps year-end targets for long-term yields at or below current levels.
  • Forward price-to-earnings multiples fell about three points for the MSCI All-Country World and the S&P 500, and about two points for European stocks.
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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