{"id":22328,"date":"2023-09-26T14:52:10","date_gmt":"2023-09-26T14:52:10","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/interest-rate-benchmark-at-7-jamie-dimon-wonders-if-were-prepared\/"},"modified":"2023-09-26T14:52:11","modified_gmt":"2023-09-26T14:52:11","slug":"interest-rate-benchmark-at-7-jamie-dimon-wonders-if-were-prepared","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=22328","title":{"rendered":"Interest Rate Benchmark At 7%? Jamie Dimon Wonders If We\u2019re Prepared"},"content":{"rendered":"
\n

What if the Fed keeps raising rates and someday soon 7% is the new benchmark?<\/p>\n

In a Times of India interview, the CEO of J. P. Morgan, Jamie Dimon, says the investment world may not be ready for inflation-fighting of that order. As one of the key banking executives globally, Dimon\u2019s words are taken quite seriously.<\/p>\n

It\u2019s not that surprising to see concerns like this given the years-long up trend on Treasury yields and what\u2019s described by bond professionals as \u201cthe stickiness\u201d of inflation.<\/p>\n

The point-and-figure chart for the 2-year U. S. Treasury yield looks like this:<\/p>\n

Now at 5.09% and up from the March 2020 pandemic scare low of .13%, it\u2019s easy to see how close 7% looks. Such a move would take this rate back to a level unseen since 1994. The effects on the bond market in general \u2014 and on all interest-rate sensitive investments \u2014 might be as difficult and dramatic as Dimon suggests.<\/p>\n

<\/fbs-ad><\/p>\n

Here\u2019s the chart for the U. S. Treasury 10-Year yield:<\/p>\n

Shown in basis points, the yield at 4.519% is up from the 2020 low of .40%, a remarkable upward trend accompanied by downward bond prices.<\/p>\n

The 30-year U. S. Treasury yield chart is here:<\/p>\n

This one also shows basis points, the yield now is up to 4.647% from the low in 2020 of .80%. It hasn\u2019t been this high sincshe 2011.<\/p>\n

Here\u2019s the chart for the benchmark iShares U. S. 20+ Treasury bond ETF:<\/p>\n

From a peak of $168 in early 2020 to the current $90 \u2014 that\u2019s a 46% drop in just over 3 years. If Jamie Dimon\u2019s warning about a 7% yield were to unfold, it\u2019s possible this ETF could get back to that 2013 low at $80.<\/p>\n

The interest rate sensitive world \u2014 including REITs, utilities, regional banks and many other related sectors \u2014 would all find it painful.<\/p>\n

It all depends on inflation stickiness and how the Fed reacts.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What if the Fed keeps raising rates and someday soon 7% is the new benchmark? In a Times of India interview, the CEO of J. P. Morgan, Jamie Dimon, says the investment world may not be ready for inflation-fighting of that order. As one of the key banking executives globally, Dimon\u2019s words are taken quite<\/p>\n","protected":false},"author":1,"featured_media":22329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-22328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nInterest Rate Benchmark At 7%? Jamie Dimon Wonders If We\u2019re Prepared | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"What if the Fed keeps raising rates and someday soon 7% is the new benchmark? In a Times of India interview, the CEO of J. P. 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