<p>JPMorgan Chase Asset Management Global Fixed Income Head Bob Michele: The market may be able to withstand the U.S. 10-year Treasury yield rising to 4.95%, but &#34;once it breaks 5%, if it rises to 5.40%, then the path from 5% to 5.40% will be almost unbearable for bond investors.&#34;
&#34;On this basis, adding 25 basis points for the 30-year is really going to be painful for me,&#34; Michele said.
&#34;At that time, we will need to see the policy responses from the Treasury and the Federal Reserve.&#34;</p>

<p>Bob Michele, Global Head of Fixed Income at JPMorgan Asset Management, stated that the market may withstand the rise of the U.S. 10-year Treasury yield to 4.95%, but if it breaks through 5% and rises to 5.40%, bond investors will find it difficult to bear. He mentioned that if the 30-year Treasury yield increases by another 25 basis points, it will be very painful, and emphasized the need to pay attention to the policy responses from the Treasury and the Federal Reserve at that time</p>

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JPMorgan Chase

Morgan Asset Management Global Fixed Income Head: Investors cannot bear the 10-year U.S. Treasury yield rising from 5% to 5.4%, and the responses from the Treasury and the Federal Reserve will be worth noting