{
  "id": 7108264,
  "title": "JPMorgan Says Rising Bond Yields Unlikely to Derail Equities as Earnings Momentum Continues",
  "url": "https://urgent.news/2026/09/12/jpmorgan-says-rising-bond-yields-unlikely-to-derail-equities-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T11:22:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/jpmorgan-says-rising-bond-yields-112200520.html"
  },
  "original_language": "en",
  "account": "JPMorgan analysts maintain that rising bond yields and inflationary pressures are unlikely to hinder equity markets, as long as corporate earnings momentum remains strong. While these macroeconomic headwinds could become more significant, the broader market backdrop should remain intact if inflation expectations stay anchored. The analysts recognize that higher oil prices, resulting from the war in Iran, have contributed to inflation concerns and the expectation of tighter monetary policy from major central banks. However, they believe that the current situation differs from 2022 due to rising corporate profits. The analysts stress that the outlook is heavily dependent on inflation expectations, monetary policy, and whether the macroeconomic picture strengthens in the second half of the year. Recent hawkish comments from Federal Reserve Chair Kevin Warsh and the European Central Bank's anticipated rate hikes have further fueled expectations for U.S. rate increases. Government debt has surpassed $40 trillion, and debt-to-GDP ratios in most G7 economies, except Germany, have surpassed 100%. Despite these challenges, JPMorgan remains optimistic about corporate earnings, which are on an uptrend. The analysts argue that periods of equity weakness could lead to lower valuations without affecting the earnings trajectory. They also point to improving corporate confidence and a recovery in various sectors, such as global manufacturing, U.S. non-tech capital expenditure, and industrial structures activity. If this stronger macroeconomic outlook persists, JPMorgan expects it to support further equity upside. The bank's focus remains on central-bank decisions, particularly the Federal Reserve and European Central Bank's rate increases and their interpretation of the inflation outlook. Investors are advised to watch bond yields, oil prices, and inflation expectations closely. A sustained rise in inflation expectations could challenge JPMorgan's constructive assessment, while continued earnings growth and broader non-tech activity would reinforce their underlying thesis. JPMorgan's analysts suggest that investors should take advantage of market dips to add to their positions, emphasizing their perspective rather than providing investment advice.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}