Bond Market Selloff Enters a New Chapter, JPMorgan’s Berro Says
Kelsey Berro, a fixed income portfolio manager at JPMorgan Asset Management, said the bond market selloff has become increasingly driven by technical factors and momentum. Speaking on Bloomberg Surveillance, Berro said she expects investors to return soon to assessing market fundamentals and valuations.
Kelsey Berro, a fixed income portfolio manager at JPMorgan Asset Management, said the bond market selloff has entered what she described as a new chapter. Berro discussed the shift during an appearance on Bloomberg Surveillance, according to Bloomberg.
Berro said the selloff now feels “very technically-driven, very momentum-driven.” Her comments characterized recent market activity as being influenced by technical conditions and investor momentum.
She also said she expects investors to refocus soon on the fundamentals and valuations of the bond market. The excerpt did not provide further details about the specific securities involved, the size of the selloff or the factors behind the shift.
THE QUESTIONS THIS EVENT LEAVES BEHIND
What market conditions would cause investors to shift their focus back to fundamentals and valuations?
Which technical factors are contributing most to the reported momentum in the selloff?
How might a renewed focus on valuations affect bond prices and yields?
What evidence would distinguish a momentum-driven move from a change in underlying market fundamentals?
How could investors positioned differently across the bond market be affected by this shift?
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GLOBAL CURIOSITY MAP · SEPTEMBER 2026