JPMorgan Chase CEO Jamie Dimon said that low-yielding Treasurys are a poor investment right now.
“I would not be a buyer of Treasurys,” Dimon said Tuesday at an annual Goldman Sachs financial services conference. “I think Treasurys at these rates, I wouldn’t touch them with a 10-foot pole.”
The yield on the 10-year Treasury was last at just 0.9% and has stayed below 1% since breaking below that threshold during the March pandemic collapse in stocks. Since bond prices must move inversely to yields, people like Dimon see little room for Treasurys to rally with rates already at such low levels. Read more…..
Chart of the Day
Icarus TV
J.P. Morgan CEO Jamie Dimon comments on Treasurys. With CNBC’s Dominic Chu and the Fast Money traders, Guy Adami, Tim Seymour, Bonawyn Eison and Karen Finerman.
