Jamie Dimon, CEO of JPMorgan Chase, has warned that the US bond market is under pressure due to rising debt levels. His comments come as President Trump threatens a trade war.
Dimon expressed concerns that the US bond market could “crack” under the pressure from increasing debt. This warning suggests that the market may struggle to withstand the growing debt burden, which could lead to market volatility and potential instability.
The impact of rising debt on the bond market is significant, as it can reduce investor confidence and increase borrowing costs. As a result, Dimon’s warning highlights the need for policymakers and investors to take steps to address the growing debt levels and prevent a market downturn.
The warnings from Dimon are a reflection of broader concerns about the growing national debt in the US. Rising debt levels have become a pressing issue, with many experts calling for urgent action to reduce government borrowing and stabilize the economy.
Source: https://www.ft.com/content/8c3628f3-477f-4124-8b3f-2bb76bf567cd