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  "documentTitle": "mi daily gtm us",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
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  "notes": "The chart uses an R-squared value of 89% to demonstrate the predictive power of starting yields on future returns.",
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      "kind": "callout",
      "text": "As of 3/30/2026, a current yield of 4.61% implies a forward 5yr. return of 4.65%",
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      "text": "Source: Bloomberg, FactSet, J.P. Morgan Asset Management. Returns are 60-month annualized total returns, measured monthly, beginning 1/31/1976. R² represents the percent of total variation in total returns that can be explained by yields at the start of each period.",
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      "text": "2020s, 2010s, 2000s, 1990s, 1980s, 1970s",
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      "text": "5-year annualized returns: 4.65%",
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      "text": "Fixed income yields and forward returns",
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