Lates News

Jamie Dimon, CEO of JPMorgan Chase, said on Monday that the continuously rising U.S. debt is a "big problem" that could bring "difficult times" to the bond market, leading to an increase in spreads. This comment is consistent with his earlier warning of potential market turbulence due to increased government spending. "If people no longer see the dollar as a reliable choice, you may see credit spreads widen; that would be a pretty big problem," Dimon said. "This will affect borrowers, including small businesses, small business loans, high-yield debt, leveraged loans, and real estate loans. Therefore, one should be concerned about the volatility in the bond market."