JPMorgan's Game Plan on Where to Find Value in Bond Markets

The video discusses the current market focus on global stimulus efforts by central banks and governments, which are overshadowing concerns about rising virus cases. It highlights the importance of co-investing with central banks in government bonds to find yield. The video also emphasizes the ongoing support from central banks like the Federal Reserve and the ECB, and the expectation of fiscal stimulus packages, particularly in the US and Europe, to support economic recovery.

What is currently having a bigger effect on market valuations than rising virus cases?

• Decreasing unemployment

• Global stimulus measures

• Increasing interest rates

• Rising inflation rates

Where is value still found in the government bond market according to the speaker?

• Parts of the curve in the US, Australia, and New Zealand

• Emerging market bonds

• Corporate bonds

• Short-term bonds

What is the main challenge when investing in the high yield space?

• Predicting interest rate changes

• Investing in short-term bonds

• Avoiding government bonds

• Finding companies that will survive the next few quarters

What is the market's expectation regarding a US stimulus package?

• It will be delayed until next year

• It is expected to pass due to political pressure in an election year

• It will not be passed due to political disagreements

• It will be smaller than anticipated

What is the role of the European Recovery Fund according to the speaker?

• To be a long-term support mechanism over the coming years

• To provide immediate economic relief

• To support fiscal policies in Europe

• To reduce inflation