[JP Morgan’s Peters said rising U.S. bond yields to 5% may pose risks to U.S. stocks] On September 2, JPMorgan’s Grace Peters said that as global stock markets enter September, which is typically weak in history, rising bond yields pose a key risk. Peters believes that there is still room for further gains in U.S. and European stock markets this year, but she warned that a correction of 5% to 8% is still possible before risk events such as the U.S. midterm elections in November. However, she believes this will be a healthy adjustment rather than a structural weakening of the market. Rising bond yields have become a major concern for stock investors. The market is increasingly worried that rising oil prices will push up inflation, pushing the 10-year U.S. Treasury bond yield to 4.8%, approaching the 5% mark that is usually considered negative for the stock market; the 30-year U.S. bond yield rose to the highest level in 19 years. Speculation is growing that policymakers may be forced to raise interest rates, pushing bond yields back to levels last seen before U.S. Treasury Secretary Bessent expanded Treasury buybacks in an attempt to drive down long-term borrowing costs.