On June 2, JPMorgan Chase CEO Dimon said on Monday that rising US debt is a “big problem” that could bring “tough times” to the bond market, causing spreads to widen. The comments echoed his earlier warnings about potential market turmoil, citing increased U.S. government spending. “If people think the dollar is no longer a trustworthy option, you could see credit spreads widening; That’s going to be quite a problem,” Dimon said, “and it’s going to affect financiers, including small businesses, small business loans, high-yield debt, leveraged loans, and real estate loans.” Therefore, there should be concerns about the volatility of the bond market." ( gold ten )
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JPMorgan CEO: The increasing US debt may trigger turmoil in the bond market
On June 2, JPMorgan Chase CEO Dimon said on Monday that rising US debt is a “big problem” that could bring “tough times” to the bond market, causing spreads to widen. The comments echoed his earlier warnings about potential market turmoil, citing increased U.S. government spending. “If people think the dollar is no longer a trustworthy option, you could see credit spreads widening; That’s going to be quite a problem,” Dimon said, “and it’s going to affect financiers, including small businesses, small business loans, high-yield debt, leveraged loans, and real estate loans.” Therefore, there should be concerns about the volatility of the bond market." ( gold ten )