Skip to content
Subscriber Only

Jamie Dimon Warns Treasury Rally May Turn to Rout as Rates Rise

  • Biggest buyers of U.S. debt won't be there in future: Dimon
  • Warning jibes with Bloomberg survey projecting yield to rise
Video player cover image

Jamie Dimon Warns the Fed May Move Too Fast

Updated on

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., said he’s concerned demand for Treasuries will decline and the Federal Reserve will raise interest rates faster than people expect.

The market won’t be able to rely on the biggest buyers of U.S. debt: the Fed, foreign nations and commercial banks, Dimon wrote in his annual letter to shareholders Wednesday. Increasing consumer and business confidence could boost demand for credit and reduce investor appetite for the haven of Treasuries, he said.