Treasury bonds are overvalued, and investors would do well to move into riskier assets, Heather Loomis of JPMorgan Private Bank said Thursday on CNBC.
"You've seen massive risk-aversion," said Loomis, executive director of fixed income at the bank. "You've seen reallocation of institutional, of retail portfolios, out of stocks, into bonds. And you've seen a bond-buying program on the part of the Fed, the likes of which we haven't seen in 300 years. We do think that there is value in risk asset space."
Despite a better-than-expected increase in the Chicago Purchasing Managers Index, a gauge of regional manufacturing, Loomis told "Halftime Report" that she doesn't expect the Federal Reserve to slow its $85 billion-per-month asset-purchasing program until 2014.
(Read more: No reason to get spooked by stock market: Pros)