Jamie Dimon argues JPMorgan can help fix the bond chaos if regulators get on board — ‘It’s not relief to the banks, it’s relief to the markets’

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Jamie Dimon argues JPMorgan can help fix the bond chaos if regulators get on board — ‘It’s not relief to the banks, it’s relief to the markets’ - Fortune

Quick Summary:

The Treasury market helps the global economy go-round, and Wall Street is watching closely for signs the Fed may need to intervene.

One of the culprits for this “murder mystery,” as Sløk told Fortune earlier this week, could be the so-called “basis trade,” when hedge funds borrow heavily to take advantage of tiny price discrepancies between Treasuries and futures linked to those bonds.

Dimon said the central bank will again be forced to take similar action eventually.“There will be a kerfuffle in the Treasury markets because of all the rules and regulations,” he said.