Fu Peng: US Japan Joint Intervention to Lower US Bond Rates, Providing Valuation Support for Large Tech and AI Companies

Fu Peng, Chief Economist of Xinhuo Group, stated that the joint intervention of the United States and Japan in the exchange rate has dismantled the risk of Japan selling US bonds, lowered the yield and term premium of long-term US bonds, and provided valuation support for large technology and AI companies with strong cash flow.