Jamie Dimon warns bond crisis as global debt spikes
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- Jamie Dimon warned that rising global sovereign debt could spark a bond crisis, urging policymakers to act before markets intervene.
- JPMorgan Chase posted a $5.94 earnings‑per‑share beat, underscoring its profitability even as its CEO flags looming bond market stress.
- Norway's sovereign wealth fund hosted the conference where Dimon delivered his warning, emphasizing the fund’s influence as the world’s largest sovereign investor.
- United Kingdom experienced a 2022 gilt crisis when yields spiked and the Bank of England intervened to stabilize the market.
Why it matters: Investors will see heavy losses as bond yields spike; central banks will have to buy sovereigns, expanding balance sheets, while $1.7 trillion of private credit remains a non‑systemic buffer.
