Dimon links federal debt to bond volatility and higher rates

Jamie Dimon, chairman and CEO of JPMorgan Chase, discussed the impact of federal debt on the bond market at an Economic Club of Chicago event.
Dimon's remarks warn that federal debt can drive bond volatility and higher rates.
JPMorgan strategists report Skydance's new high-grade bonds, issued Sept. 30, trailed the bank's investment-grade index by 27 basis points over ten days as of Oct. 8, the largest gap in six and a half years.
Excluding Skydance, new issues outperformed the index by about four basis points, according to the same JPMorgan note.

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