iain stealey, let's talk about the bond market. managementgan asset you have been waiting for a , backup in yields. would you be a buyer of what you are seeing at the front end this morning post payrolls, 10 basis points, after an upside surprise? are you a buyer at 1.86 on the u.s. two-year? iain: i think it is definitely starting to look more interesting. maybe when the dust settles next week, the nields -- they yields will go higher in the near-term. i feel that we are in a global downward trajectory. i'm sure we will talk about europe and what is going on there this week later. i think that will force people into the u.s. bond market. people looking at these yields compared to where they are around the rest of the world, and they will find them attractive. the bottom line is the fed is not tightening policy anytime soon with the current framework. it is actually a good time to invest in bonds. jonathan: what are your thoughts on this? i caught up with bob michele earlier in the week and he believes this may be the beginning of

iain stealey, let's talk about the bond market. at j.p. morgan asset management, you have been waiting for a backup in yields. would you be a buyer of what you are seeing at the front end this morning post payrolls, 10 basis points, after an upside surprise? are you a buyer at 1.86 on the u.s. two-year? iain: i think it is definitely starting to look more interesting. maybe when the dust settles next week, the yields will go higher in the near-term. i feel that we are in a global downward trajectory. i'm sure we will talk about europe and what is going on there this week later. i think that will force people into the u.s. bond market. people looking at these yields compared to where they are around the rest of the world, and they will find them attractive. the bottom line is the fed is not tightening policy anytime soon with the current framework. it is actually a good time to invest in bonds. jonathan: what are your thoughts on this? i caught up with bob michele earlier in the week and he believes this may be the beginning of what is stil

iain stealey, let's talk about the bond market. at j.p. morgan asset management, you have been waiting for a backup in yields. would you be a buyer of what you are seeing at the front end this morning post payrolls, 10 basis points, after an upside surprise? are you a buyer at 1.86 on the u.s. two-year? iain: i think it is definitely starting to look more interesting. maybe when the dust settles next week, the yields will go higher in the near-term. but i feel that we are in a global downward trajectory. i'm sure we will talk about europe and what is going on there this week later. i think that will force people into the u.s. bond market. people looking at these yields compared to where they are around the rest of the world, and they will find them attractive. i think the bottom line is the fed is not tightening policy anytime soon with the current framework. it is actually a good time to invest in bonds. jonathan: what are your thoughts on this? i caught up with bob michele earlier in the week and he believes this may be the beginning of

jonathan: still with us are peter tchir, iain stealey, noelle corum. we are betting on stimulus, and we are also betting that it will not work. yields on core government bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details and how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. of course, trade, trade uncertainty will still weigh on the european economy. that is a big part of it. jonathan: the data in europe has been soft for at least 12 months, maybe more so. what has been striking about this week, the bund market always makes the headlines, but the big moves are coming from the italian market. it's not just the core rallying, it is the whole complex. which area of european fixed income are you participating in that rally right now? which area of european fixed income do you want to be present? iain: we have been big buyers of peripheral bonds outside o

arethan: still with us peter tchir, iain stealey, noelle corum. we are betting on stimulus, and we are also betting that it will not work. yields on bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details of how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. of course, trade, trade uncertainty will still weigh on the european economy. that is a big part of it. jonathan: the data in europe has been solved for at least 12 months, maybe more so. bund market always makes the headlines, but the big moves are coming from the italian market. which area of european fixed income are you participating in that rally right now? which area of european fixed income do you want to be present? iain: we would be big buyers of peripheral bonds outside of italy. we think the economic data in portugal, spain has not been too bad. the overwhelming lure of yields in those