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Interest rates continued to fall today after Jamie Dimon, who is the President, CEO & Chairman of JP Morgan Chase, warned that the banking crisis is "not yet over" and will cause "repercussions for years to come." He did so in his annual letter to stockholders. With all those titles, he must know what he is talking about. He observed that potential losses from held-to-maturity bonds, were “hiding in plain sight.”
Also sending interest rates lower were yesterday's March M-PMI, today's JOLTS report for February, and March auto sales:
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