Bob Michelle, chief investment officer of J.P. Morgan Asset Management and head of global fixed income, said on Tuesday that the return rate of the US bond market is expected to reach around 7% to 8% in the next 12 months. Michelle believes that long-term US bonds are the most valuable investment. He said that although the Federal Reserve will not raise interest rates this week, it is likely to release a hawkish signal in December.

Bob Michelle, chief investment officer of J.P. Morgan Asset Management and head of global fixed income, said on Tuesday that the return rate of the US bond market is expected to reach around 7% to 8% in the next 12 months. Michelle believes that long-term US bonds are the most valuable investment. He said that although the Federal Reserve will not raise interest rates this week, it is likely to release a hawkish signal in December.