J.P. Morgan: The bond market needs to pay more attention to growth and less attention to inflation.

Jefferies' Mohit Kumar stated in a report that the bond market is still focusing too much on inflation rather than growth. This global economist said, "We do believe that the market needs to refocus on the implications for growth." Jefferies predicts that both the European Central Bank and the Bank of England will be unable to raise interest rates. This global economist said that recent bond market sell-offs are driven more by technical and positioning factors rather than fundamental factors.