U.S. bond intervention is like 'paying your mortgage with your credit card,' JPMorgan's Sullivan says

JPMorgan’s James Sullivan said the U.S. government’s efforts to manage Treasury market pressure may not resolve the issue, but instead could shift it “down the road.” The comment implies ongoing risks in Treasury liquidity/market functioning, keeping near-term uncertainty elevated for rates investors.

Analysis

JPMorgan’s James Sullivan said the U.S. government’s efforts to manage Treasury market pressure may not resolve the issue, but instead could shift it “down the road.” The comment implies ongoing risks in Treasury liquidity/market functioning, keeping near-term uncertainty elevated for rates investors.