- Jamie Dimon predicts turmoil in the Treasury market will force the Federal Reserve to intervene.
- It will send Bitcoin “orbital,” said Maelstrom CIO, Arthur Hayes.
- A top Fed official said they are ready to help stabilise the market.
JPMorgan Chase CEO Jamie Dimon is predicting a “kerfuffle” in the US Treasury market that will trigger an intervention from the Federal Reserve.
In other words, the money printer could get switched on again soon.
On Friday, a top Fed official said they are ready to help stabilise the market if needed, reported the Financial Times.
Treasury yields have already begun showing signs of volatility, with the 10-year yield soaring to 4.5% from 3.9% earlier this month.
Bitcoin is up 5.5% to $83,750 in the past 24 hours.
Volatility has been the name of the game since Donald Trump took office. The US president kicked off a tariff war against all major trading partners, which has shaken capital markets.
On…
