DANGER AHEAD! China and Japan may Unleash $700 Billion US Bond Dump, Sinking America.

Welcome to AsianQuicktake! In this video, we discuss the recent Consumer Price Index (CPI) data released by the U.S. and its implications for the economy. The May CPI data showed a 4% year-over-year increase, slightly below market expectations. This supports the Federal Reserve’s decision to suspend rate hikes in June, with speculations of a halt in rate increases altogether. However, persistent core inflation poses a risk for future rate hikes, which could impact the U.S. banking sector and bond market. Following the release of the CPI data, the 10-year U.S. bond yield climbed, indicating an ongoing sell-off of U.S. bonds. JP Morgan Asset’s chief investment officer warned of an impending U.S. recession, drawing parallels to the 2008 financial crisis, highlighting potential challenges for regional banks, commercial real estate, and low-rated corporate bonds. During a Congressional hearing, U.S. Treasury Secretary Janet Yellen acknowledged the potential impact of lower commercial real estate