The JPMorgan CEO, Jamie Dimon, alerted Monday that the increase in the United States debt is “a big problem” that will stagger the American bond market, which in recent weeks has been affected by changes in the country’s economic policy.
“It’s a big problem. One day bond markets will have a bad time, I don’t know if in six months or in six years, so I think we have to focus,” Dimon said in an interview on the ‘Mornings With Maria’ program, by Fox Business.
The bank manager, whose opinion is very listened to in Wall Street, indicated that “the real objective” should be the growth in favor of companies, the regulation of the property, the permits reform, the elimination of the bureaucracy and “to ensure that the growth is launched.”
“If people decide that the US dollar is not the place to be, we could see that gaps open in credit differentials, which would mean a big problem,” Dimon specified.
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JPMorgan CEO warns that US debt will stagger the bonds
In this sense, he stressed that this would harm sectors such as small businesses, high -performance debt and leverage and real estate loans, so “we should worry about bond markets.”
The economic context in the United States has triggered in recent weeks the profitability of American treasure bonds, which have been influenced, among other factors, by a reduction in Moody’s credit rating to the country and for the approval of the megaproject of fiscal cuts of the president, Donald Trump, which has raised the roof of the debt.
Also Trump’s tariff policy and the commercial war unleashed by it has generated uncertainty in the markets and has affected bonds, according to specialized media.
Today, for example, the appetite for the treasure bonds went up after China rejected US accusations on an alleged breach of the agreement reached to temporarily reduce bilateral tariffs.
Thus, this morning the profitability of the 10 -year Treasury bond rose to 4,426%; The 30 -year bonus advanced up to 4.96% and the 20 -year bonus also climbed up to 4,965%.
With EFE information.
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