Surging US stocks may be prolonging the bond bull market: JPMorgan

New York

WHEN it comes to flows into stocks and bonds, forget the great rotation: It's all about the relentless rebalancing.

"The equity rally is feeding the bond rally, preventing bond markets from selling off in a risk-on environment," JPMorgan Chase & Co strate-gists led by Nikolaos Panigirtzoglou wrote in a note distributed to media on Monday.