JPM's Michele Says 'This Is the Time Where You Clip Coupons'

The video discusses current trends in the bond market, highlighting the potential for capital appreciation and double-digit returns. It emphasizes the importance of intermediate government bonds and high-quality corporate bonds, particularly the five-year treasury, as attractive investment options. The discussion also covers the yield curve, predicting a recession by the end of the year and a potential Fed rate cut in September.

What factors contribute to the yield curve adjustments mentioned in the text?

What predictions are made regarding the recession and Fed rate cuts by the end of the year?