Brian Chappatta, Columnist

Jamie Dimon’s 5% Yield Is a Long Shot. Here’s Why.

The JPMorgan CEO made a bold call, but it’s severely lacking in specifics.

August 6, 2018 at 1:57 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Trouble with the math.
Photographer: Giulia Marchi/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Jamie Dimon could write a book titled “The Art of the Yield” with the way he made his latest call on the $15 trillion Treasury market.

The JPMorgan Chase & Co. chief executive officer, arguably the most influential private banker in the world, said on Saturday that people should be prepared to deal with the benchmark 10-year Treasury yield reaching 5 percent or higher. That’s a splashy headline, but also a master class in making a prediction with enough wiggle room that he saves face when the forecast most likely doesn’t pan out.