Source: The Hill
“JPMorgan Chase CEO Jamie Dimon said he sees a ‘tough time’ ahead for the bond market as Republicans work to pass a tax cut and domestic agenda bill that could add trillions to the national debt. … Asked about national debt levels, Dimon said Monday that he thought they were a big deal. ‘It’s a big deal. It is a real problem,’ he said on the ‘Mornings with Maria’ talk show on the Fox Business Network on Monday. ‘The bond markets are going to have a tough time.’ Bond markets have gotten jittery in recent months in response both to President Trump’s trade war and to Republicans’ domestic agenda bill. The yield on the 30-year Treasury broke 5.1 percent last week and was trading Monday morning at 4.97 percent. Since earlier this year, bonds have been trading in the highest range since about 2007.” (06/02/25)
https://thehill.com/business/5328751-bond-markets-turmoil-republican-bill/