Bond market is a buy right now, JP Morgan Asset Management's fixed income head says

There is a "generational amount of yield" in bond ​markets and it is time to buy ​debt, with a return of as ‌much as ​8% on offer in the US over the next the year, Bob Michele, J.P. Morgan Asset Management's head of global fixed income, said ‌on Tuesday.

The bond market has rebounded following a selloff this month and last, especially in developed-market sovereign debt: