JPMorgan CEO Jamie Dimon has warned that the Federal Reserve may need to step in to support the bond market due to sharp volatility. The $29 trillion Treasury market is experiencing increased uncertainty, mainly driven by weakening global demand for Treasurys and rising longer-duration yields.
Dimon made these comments after a bank analyst questioned the potential impact of unchanged banking rules on the volatile market. He emphasized that if these “deep flaws” remain in place, the Fed may need to intervene to stabilize the bond market.
Source: https://www.marketwatch.com/story/jpmorgans-jamie-dimon-warns-fed-may-need-to-step-in-to-support-bond-market-without-this-fix-829a8cba