Dimon sees rates rising: 'I have much higher odds of it being 4% than other people'

The recent surge in U.S. interest rates that rattled global equities markets isn't likely over, according to J.P. Morgan Chase Chief Executive Officer Jamie Dimon.

"I have much higher odds of it being 4 percent than most other people," Dimon said Friday on his bank's earnings conference call. "The market may not take it that well if rates go up because it'll surprise people but people shouldn't be surprised."

The 10-year Treasury yield was last at 3.16 percent, up significantly in the last month, a move which has spooked financial markets.

This is a developing story. Check back for updates.

Let's block ads! (Why?)

from Top News & Analysis https://ift.tt/2CD2GQ5
via IFTTT