JPMorgan CEO Dimon warns investors against long-term U.S. Treasuries
JPMorgan Chase chief Jamie Dimon warned investors that long-term U. S. Treasury bonds were unattractive amid rising fiscal and geopolitical risks. According to CNBC, he said investors were downplaying these threats and would not buy equities or long-dated Treasurys at current prices.
Fortune reported that Dimon linked the unattractiveness to soaring government debt and inflation expectations, urging policymakers to tackle fiscal risks before rates rise further. Business Insider noted that he cautioned investors were also underestimating inflation and deficit pressures, and that he was avoiding both equities and bonds until conditions improved. Fox Business added that Dimon described stocks and long-term Treasuries as potentially overvalued given the same set of geopolitical, fiscal and interest-rate concerns.
