Dimon sides with bears, says sovereign bonds are too pricey

Bloomberg/Jennifer Surrane/8-8-2017

“Jamie Dimon is siding with the bond-market bears.  ‘I do think that bond prices are high,’ the chief executive officer of JPMorgan Chase & Co. said Tuesday in an interview on CNBC. “I’m not going to call it a bubble, but I wouldn’t personally be buying 10-year sovereign debt anywhere around the world.’”

MK note:  Dimon echoes comments made by Alan Greenspan last week.  Greenspan was a bit less diplomatic about it.  He called bonds a bubble and added their correction would bring down the DJIA as well.  Note the reference to “10-year sovereign debt anywhere in the world” meant no doubt to include U.S. Treasuries.

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