Yields encourage JP Morgan's Witcomb to increase US government bond exposure

He said recently that the portfolio has had little fixed income duration because it has not been providing the diversification benefit, however, the benefit is now "a little more interesting", he said.  He noted the yield of US ten-year bonds was at about 1.4% or 1.5% in December, however in January they were hitting 1.8% or 1.9%.  At the end of December, global government bonds made up just 4.5% of the portfolio, according to the factsheet, with 64.5% in equities, 9.9% in high yield bonds and 3.8% in convertible bonds.  Deep Dive: 'Don't write off bonds just yet' However, since...