Jupiter buys European bonds as ECB hike pricing eases
Jupiter is buying European bonds while cutting U.S. debt. Ariel Bezalel says ECB rate hike bets are overdone as regional economic growth starts to slow.
Xurve View
洞察:
Xurve View
Jupiter is shifting capital into European government bonds, specifically short-dated debt from Germany, while reducing exposure to the United States. The asset manager, which oversees £47B ($63.5B), argues that market expectations for three interest rate hikes by the ECB are excessive. This rotation reflects a growing investor preference for euro zone sovereign debt as U.S. economic overheating risks mount.
