JPMorgan strategists say the latest bond sell-off reflects stronger-than-expected September PMI readings, especially in the Eurozone and the US, and heightened sensitivity to energy headlines. They add that noise around potential US diesel export restrictions has added uncertainty. JPMorgan advises being duration-neutral on German bunds near term, but says mid-dated German bund yields remain attractive for long-term investors able to bear short-term volatility.

2026-09-28

JPMorgan strategists say the latest bond sell-off reflects stronger-than-expected September PMI readings, especially in the Eurozone and the US, and heightened sensitivity to energy headlines. They add that noise around potential US diesel export restrictions has added uncertainty. JPMorgan advises being duration-neutral on German bunds near term, but says mid-dated German bund yields remain attractive for long-term investors able to bear short-term volatility.