$350 billion big move! JPMorgan Chase withdraws from the Federal Reserve account and turns to aggressively buying US bonds, betting on a continued interest rate cut.

According to the financial news app Zhtng Cijng, as reported by US media, the Wall Street financial giant JPMorgan Chase (JPM.US) has withdrawn nearly $350 billion in cash from its accounts at the Federal Reserve since 2023, and has almost used an equal amount of funds to accumulate US government-issued bonds. This move by JPMorgan Chase is aimed at preparing for long-term interest rate declines and low interest rates, in order to hedge against the squeeze on net interest income (NII/NIM) by future interest rate declines. This is marginally positive for the 10-year US Treasury bond yield, which holds the title of "global asset pricing anchor," as well as the downward trend in longer-term US Treasury bond yields.