JP Morgan CEO warns of Treasury shortage

April 9, 2015 6:29 PM

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Government-backed Treasury bonds are in short supply — a problem that will grow markedly worse in the next economic crisis, warned JP Morgan Chase CEO Jamie Dimon.

"In a crisis, everyone rushes into Treasuries to protect themselves," Dimon said in a letter to shareholders issued this week. "This will be even more true in the next crisis. But it seems to us that there is a greatly reduced supply of Treasuries to go around."

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