Why Long Bonds Are Falling Out of Favor
Jamie Dimon drew varied reactions with his prediction that the bond market is going to 'crack' if the US government doesn't get a grip on a ballooning federal deficit.
Treasury Secretary Scott Bessent said the JPMorgan Chase & Co. boss had offered many such warnings during his career, and 'fortunately, none of them have come true.' To some seasoned observers, Dimon's comment was a signal to his own staff to avoid getting burnt by taking too many risks on bonds.
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