JPMorgan Chase CEO: Rising US debt could trigger turmoil in bond markets

Dimon, chief executive of JPMorgan Chase, said on Monday that rising US debt was a "big problem" that could lead to "tough times" for the bond market and widen spreads, echoing his earlier warnings about turbulence in addressable markets, citing increased US government spending. "If people think the dollar is no longer a trustworthy option, you could see credit spreads widen; that would be a pretty big problem," Mr. Dimon said. "That would affect financiers, including small businesses, small business loans, high-yield debt, leveraged loans and real estate loans. So volatility in the bond market should be a concern."