US treasuries | US bond yield rise to 5% could wreck Asia's economic year

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

With Asia's central banks holding massive stashes of US Treasuries, a yield rise could be devastating – and could trigger a regional panic sell

August 7, 2018 7:03 PM (UTC+8)
JP Morgan Chase's Chairman and CEO Jamie Dimon's prediction has many worried. Photo: AFP/Eric Piermont
JP Morgan Chase's Chairman and CEO Jamie Dimon's prediction has many worried. Photo: AFP/Eric Piermont
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