Dimon sides with bears, says sovereign bonds are too pricey
“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.