JPMorgan Asset Management: US Treasuries have fallen to their "most painful point," it's time to buy long-term Treasury bonds at the bottom.
Bob Michele, chief investment officer at JPMorgan Asset Management, said his team has begun buying long-term U.S., Japanese, and Australian government bonds, believing current prices are "too cheap" and the bond market has reached a "painful" tipping point.
In a Bloomberg TV interview on Wednesday,