JPMorgan Chase CEO Jamie Dimon wouldn't personally buy long bonds right now - Fortune

What the report says

Fortune reported that JPMorgan Chase CEO Jamie Dimon said he would not personally add to investments in long-dated U.S. government bonds at the moment, citing concern over the federal debt load and the risk that markets could demand higher yields. The article, published July 21, 2026, said Dimon made the comments on the Master Investor podcast when asked whether he would buy long-term government bonds now.

According to Fortune, Dimon pointed to the United States’ roughly $39 trillion national debt and questioned how much weight investors should place on recent favorable inflation data. He said that even with inflation at 2%, he believed the 10-year Treasury yield would likely need to be around 4% to 4.5%, while short-term rates should be about 3.25% to 3.5%—levels he described as close to current conditions.

The report framed Dimon’s comments within broader concerns about Treasury markets, where long-term yields influence borrowing costs across the economy, including mortgages, auto loans and credit cards. Fortune noted that U.S. interest payments are running at about $24 billion a week and that debt-to-GDP is near 120%, compared with lower but still elevated levels in Europe and the U.K.

Dimon has repeatedly urged policymakers to address deficits and debt before markets force a response. As reported by Fortune, he warned that waiting could mean higher interest rates and a more unsettled bond market, though the article did not report any specific action by JPMorgan Chase tied to his personal view.