Just how the market's going to make of the Fed's new, fuzzier charts for its projections, we'll have to wait and see. "I think Treasuries at these rates, I wouldn't touch them with a 10-foot pole," he told a virtual gathering hosted by Goldman Sachs this week. He ultimately decided that he couldn’t win either party’s nomination. If You Want Joe Biden to Govern More Like FDR Than Jamie Dimon, Vote for Bernie Sanders on Tuesday in New York and Kentucky. Under and AIT rule, the Fed should be dovish until inflation averages more than 2% for a period of years. JP Morgan Chase CEO Jamie Dimon just said the quiet part out loud when it comes to President Donald Trump. Some traders are bracing for negative interest rates by early 2022. Jamie Dimon slams 'childish' politicians November 18, 2020, 1:38 PM U.S. politicians are behaving like children by not passing a new stimulus bill that could help Americans whose income has been wiped out by the coronavirus pandemic, JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday at a New York Times conference. Aug 24th 2017, 2:45 from Print edition. Yet banks can't complain -- they've been storming the market lately to borrow at historically low interest rates. Money markets in the U.K. are priced for a 10 basis points cut to zero in August now, instead of by year end as of last week. In an exclusive interview with CNN Business, CEO Jamie Dimon tells Poppy Harlow about JPMorgan Chase's $350 million investment in the future of work. I could see how different companies' CEOs are different in many ways while they have some similarities too. JPMorgan Chase CEO Jamie Dimon in his annual letter to shareholders Monday warned of a coming deep recession with financial shocks similar to … ", That analogy actually underpins Barclays support for a steeper curve in Europe, as the Bank of Japan's gradual tapering of purchases to maintain the 10-year around zero actually allowed the long end of the curve to lift, and "has contributed to steepening at times.". Morgan Stanley says the market reaction to the Fed's guidance on quantitative easing is likely to be muted, as long as it doesn't suggest anything sooner than the first half of 2022 for any drop-off in purchases. "I would not be a buyer of Treasurys," Dimon said Tuesday at an annual Goldman Sachs financial services conference. Exclusive: Jamie Dimon sounds off on public policy . Data is a real-time snapshot *Data is delayed at least 15 minutes. Syndicates have had a stellar year raising the cheapest debt on record, pumping out more than 1.7 trillion euros ($2.1 trillion) of bonds. So while JPMorgan may chafe at the hit to its net interest margin, its brethren can at least take some comfort in their ability to lock in the lowest debt-service costs on record. Here's Eton Mess. "Unfortunately we are -- we have to," he added. In their view, that whiff of ambiguity should help boost term premium, pushing longer end rates higher and steepening curves in a controlled way. That’s a nice problem to have, but one the lender is struggling to solve. Report. Playing next. Dimon's comments were in response to a question from Goldman Sachs analyst Richard Ramsden about whether the markets were fairly priced. Even before Thursday's decision, investors were feeling muscled out of the market. JPMorgan is sitting on excess capital, but that shouldn’t cloud the CEO’s better judgment in pursuing M&A. "There may be a bubble in small parts of the stock market, not all of it," Dimon said. © 2020 CNBC LLC. JPMorgan Chase boss Jamie Dimon is urging ''faith," "patience" and "fortitude" as Wall Street sorts through a tense presidential election that may not get resolved for days. This is where we pause to reflect on doomed dinners. Sign up for free newsletters and get more CNBC delivered to your inbox. Dimon was included in Time magazine's 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people. Got a confidential news tip? (Photographer: Al Drago/Bloomberg) Jamie Dimon Is Begging for Deals. By the way, pavlova is definitely Australian. At least the path ahead for the EU's historic fiscal spending effort is looking less thorny. It looked to me that Jamie Dimon had adopted an affiliative leadership style: a leader who can make healthy relationships. Freshman Rep. Katie Porter stumped multimillionaire JPMorgan Chase CEO Jamie Dimon during a hearing Wednesday with a simple question: How are workers supposed to make ends meet? Not since George H.W. ". JPMorgan's Jamie Dimon: running the country a job for politicians, not CEOs This article is more than 4 years old. Alan Minsky. Jamie Dimon appears restless. Duration alone gives buy-and-hold investors plenty to worry about -- interest-rate risk on government bonds is higher than almost ever before, meaning that for each percentage point increase in yield, the price could drop sharply. "To be profitable in government securities, investors should not trade on yield, but on price," he wrote this week. The latest action from the European Central Bank -- which has extended its pandemic bond buying program and added another 500 billion euros ($607 billion) -- is another nail in the coffin. Larry Dwyer says they're "mildly bullish" on the market, putting the 10-year yield at 0.75% at the end of 2021, versus a consensus of 1.15%. JPMorgan Chase CEO Jamie Dimon said that low-yielding Treasurys are a poor investment right now. Get this delivered to your inbox, and more info about our products and services. The long-time JPMorgan CEO and chairman responded that if investors' base case occurs – a recovery next year spurred on by coronavirus vaccines — then that means today's "bond spreads and most equity prices would be justified.". And traders have pulled forward their expectations for the next rate cut from the Bank of England. Volumes in bund futures have slumped more than 60% since the ECB started buying bonds and yield ranges have collapsed across the region, our Brussels reporter John Ainger wrote this week in his study of a trader's nightmare. In fact, we find the pace guidance from the press conference as somewhat similar to BoJ guidance. “I think Treasuries at these rates, I wouldn’t touch them with a 10-foot pole.” Sound familiar? Sponsored by: Changing maps: How the shape of global banking has turned upside down . The CEO of America's largest bank is tired of willing U.S. government yields higher -- now he's done with the market. Low yields in the fixed income world are one reason that banks' profitability and stock values have been under pressure since the pandemic began. Fine distinction. South Korea has the formula to beat Covid's spread, The Weekly Fix: Jamie Dimon’s Scraps, Brexit’s Last Supper. The progressive base of the Democratic has to let Biden—and the rest of the party's leaders—know which way the wind is blowing. We want to hear from you. Ben Emons of Medley Advisors suggests that the smart money should be focused on price. Jamie Dimon took shots at the outgoing Trump administration, even as he made it clear he won’t be joining the Biden White House. On the hunt. He also added that fourth-quarter revenue in both trading and investment banking operations is tracking 20% higher than a year earlier. Kena Betancur/AFP via Getty Images This story is available exclusively to Business Insider subscribers. That means valuing Treasuries for their capital appreciation potential rather than focusing on their traditional role as sources of liquidity, duration and diversification (who's heard about the death of 60/40?). Jamie Dimon says he wouldn't touch Treasurys with a 10-foot pole at these rates Published Tue, Dec 8 2020 5:19 PM EST Updated Tue, Dec 8 2020 6:03 PM EST Hugh Son @hugh_son For closing on a somber note, here's the near-record daily outflow the largest U.S. corporate bond exchange-traded fund suffered this week: P.S. Jamie Dimon. "I would not be a buyer of Treasurys. 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