JPMorgan's Michele Sees US Bonds Returning 7%-8% Over 12 Months

The US bond market could return around 7% to 8% over the next 12 months, according to JPMorgan Asset Management's Bob Michele.

"The Treasury curve is close to 5%," with yields at the front end a little below that, Michele, chief investment officer and head of global fixed income at JPMorgan Asset, ...