JPM — JPMorgan CEO Jamie Dimon Says He Is Not Buying Long-Dated Treasurys Or Stocks

JPMorgan Chase CEO Jamie Dimon stated he is not currently a buyer of long-dated U.S. Treasury bonds or stocks at their current prices. Citing inflation and interest rates, Dimon suggested the 10-year Treasury yield should be between 4% and 4.5%, above its current level. He also expressed caution on equities, noting that corporate profits are currently very high.