JPMorgan: Lãi suất trái phiếu Mỹ tăng lên 5% có thể gây rủi ro cho thị trường chứng khoán

The Huoxing Finance report states that on September 2, Grace Peters, Head of Global Investment Strategy at JPMorgan Chase, said that as global equity markets enter a historically weak September, rising bond yields pose a key risk to global stocks. Peters expects further upside potential for U.S. and European equities this year, but warned that a 5% to 8% correction could still occur as risk events such as the U.S. midterm elections in November approach. Such a pullback would be considered healthy rather than indicative of structural market deterioration. Rising bond yields have become the primary concern for equity investors. Markets are increasingly worried that higher oil prices will fuel inflation, pushing the 10-year U.S. Treasury yield to 4.8%, nearing the 5% level typically viewed as unfavorable for equities; meanwhile, the 30-year U.S. Treasury yield has risen to its highest level in 19 years. Markets are increasingly speculating that policymakers will be forced to raise interest rates, driving yields back to levels seen before U.S. Treasury Secretary Bessent expanded repurchase operations to control long-term borrowing costs.