CEO of JPMorgan Chase: Increasing US debt may cause turmoil in the bond market

BlockBeats reported that on June 2, Dimon, CEO of JPMorgan Chase, said on Monday that the rising US debt is a "big problem", which may bring "hard times" to the bond market, leading to the widening of interest margin. This comment is consistent with his earlier warning about potential market turbulence citing increased US government spending. If people believe that the US dollar is no longer a trustworthy choice, you may see credit spreads widen; that would be a considerable problem Damon said, "This will affect financiers, including small businesses, small business loans, high-yield debt, leveraged loans, and real estate loans. Therefore, one should be concerned about the volatility of the bond market