Reported 2 days ago
JPMorgan Chase CEO Jamie Dimon has intensified his warnings regarding the US government's rising debt and its potential negative effects on the bond market, suggesting a looming 'crack' in the market. His comments, made during a recent forum and a subsequent interview, have drawn skepticism from Treasury Secretary Scott Bessent, who noted that Dimon has previously made similar predictions without them materializing. As Treasury yields climb amidst ongoing concerns about national debt management and proposed tax policies, Dimon emphasizes the need for regulatory reforms to mitigate potential volatility in the bond market.
Source: YAHOO