JPMorgan: The big dump of the largest technology stocks does not constitute a credit problem

Jinshi data January 29th news, JPMorgan believes that the trillion-dollar stock market Market Cap evaporation caused by DeepSeek on Monday has little impact on the bond market, but concerns about the general rise in Volatility may have a negative impact on credit spreads. Despite the stock market decline, the average credit spread for high-grade bonds widened by 1 basis point, and the CDX investment-grade bond index expanded by 0.7 basis point. JPMorgan credit strategists Eric Beinstein and Nathaniel Rosenbaum wrote in a report that given the indirect connection between DeepSeek technological progress and high-grade credit risk, “this is a logical result”.