Deteriorating bond supply/demand balance to push up borrowing costs in 2020 - JPMorgan

LONDON (Reuters) - Number crunchers at JPMorgan have predicted global borrowing costs are likely to rise next year due to a deterioration of around $465 billion (£362.43 billion) in the worldwide bond supply and demand balance.They calculate that, despite buying from major central banks like the ECB, there will be a $840 billion reduction in bond demand in 2020 against a $375 billion decrease in bond supply."This implies upward pressure on bond yields next year, particularly if our estimates of..