According to financial reports, Jamie Dimon, the CEO of JPMorgan Chase, warns that the US bond market may collapse under the pressure of a massive deficit, potentially causing severe upheaval in financial markets.

Dimon pointed out that years of reckless spending and unlimited quantitative easing by the US government and the Federal Reserve have pushed the bond market to the brink of disaster, declaring, "A collapse in the bond market is just a matter of time!"

He emphasized that the soaring fiscal deficit and the ongoing deadlock over the debt ceiling will continue to inflate the federal budget, dragging down the overall bond market. He stated, "I have previously warned regulators multiple times that the US bond market will encounter issues."

Dimon's remarks quickly sparked discussions on Wall Street, with market experts indicating that the significant increase in military and infrastructure spending by the US government in the past year, along with the introduction of the "beautifully big law" after Trump's return, might force Congress to raise the debt ceiling by at least $4 trillion, exacerbating the fiscal deficit and increasing default risks.

According to projections from the Congressional Budget Office (CBO), even without passing a new budget law, the ratio of US debt to GDP is anticipated to exceed the peaks seen during the 1940s. Moody's, one of the three major rating agencies, also stripped the US of its Aaa sovereign credit rating last month, shaking global investors' confidence in the safety of US bonds.

Additionally, reports indicate that the Treasury has yet to announce the "X day" for debt default, but the market estimates it may fall between late August and mid-October. If Congress does not reach a consensus by then, it could spark the most severe crisis in US bond market history. Dimon stressed that the US government must immediately rein in spending and reform its fiscal structure; otherwise, the bond market will face catastrophic impacts in the coming years. "It's no longer a question of whether it will collapse, but when it will collapse."