JPMorgan's Jamie Dimon issued vague credit recession warning, but the bond market has more pressing issues

Bond investors may be underpricing a shift in Fed leadership, with Kevin Warsh viewed as the likely next Fed chair and rates volatility expected to rise. The article argues that rising fears of a credit crisis could pressure bond markets, lift volatility, and alter expectations for interest rates and policy direction.

Analysis

Bond investors may be underpricing a shift in Fed leadership, with Kevin Warsh viewed as the likely next Fed chair and rates volatility expected to rise. The article argues that rising fears of a credit crisis could pressure bond markets, lift volatility, and alter expectations for interest rates and policy direction.