‘You Are Going to Panic’ When the Bond Market Cracks, Warns JPMorgan (JPM) CEO Jamie Dimon

JPMorgan Chase (JPM) CEO Jamie Dimon has issued a blunt warning to investors and regulators concerning the bond market.

In speech delivered on May 30 that was organized by the Ronald Reagan Presidential Foundation, Dimon said, “You are going to see a crack in the bond market — OK. It is going to happen… And you are going to panic.”

In his remarks, Dimon singled out market regulators and their likely reaction to upcoming turmoil in the bond market. “I tell this to my regulators — some of whom are in this room — I’m telling you this is going to happen,” said Dimon, who has led the world’s largest commercial bank since 2006.

Mounting Concerns

Dimon has been vocal about his concerns over the U.S. economy and activity in the bond market since U.S. President Donald Trump announced his tariff regime in April of this year. He has called for proposed changes to banks’ supplementary leverage ratio as a way to help calm the jittery $29 trillion U.S. Treasury market, which has seen yields rise over the past two months.

A sharp bond selloff in April has put investors, politicians, and Wall Street on edge. While President Trump has paused many of his tariffs, prices for U.S. Treasuries remain under pressure, which has driven up yields on both the 10-year and 30-year bonds. Investors in U.S. Treasuries remain anxious about Washington, D.C.’s massive new spending and ballooning deficit, concerns that Dimon says he shares.

JPM stock has risen 11% this year.

Is JPM Stock a Buy?

The stock of JPMorgan Chase has a consensus Moderate Buy rating among 21 Wall Street analysts. That rating is based on 14 Buy and seven Hold recommendations issued in the last three months. The average JPM price target of $278.32 implies 5.42% upside from current levels.

Read more analyst ratings on JPM stock