JPMorgan Chase CEO Dimon: There will be cracks in the bond market sooner or later

Dimon, chief executive of JPMorgan Chase, warned that bond markets were "set to crack" after "massive overspending" and quantitative easing by the US government and Federal Reserve. "I just don't know if there will be a crisis in six months or six years, and I hope we can change the trajectory of debt and the ability of market makers to make markets," Mr. Dimon said. "Unfortunately, we may need it to wake us up." Mr. Dimon has said several times in recent years that he is concerned about global deficit spending. Asked on Friday if so-called "bond vigilantes" were making a comeback, he said: "Yes."