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US bond yield rise to 5% could wreck Asia’s economic year

Jamie Dimon just said what’s on the minds of many Asian central bankers. More to the point, he previewed the worst thing that could befall their balance sheets this year: 5% US bond yields. The JPMorgan Chase CEO’s prediction is worrisome because, odds are, he’s right. As Dimon said over the weekend in Aspen, Colorado: “I think […]