Dimon: Get ready for 4% interest rate on 10-year bonds and volatility

Bad news for investors on US stock markets. And they come, not by anybody, but by Jamie Dimon, the head of JPMorgan Chase&Co.
According to Dimon, the growth of the US economy and inflation may be fast enough to make the Fed raise rates more than expected.
It would not be a surprise if we witnessed an increase in interest rates on 10-year US bonds to levels of 4%, said Dimon.
According to him, the accelerated rise in federal interest rates could push interest rates on 10-year US government bonds up. We can easily see 4% interest rates even, and I think people need to start preparing for that, said Dimon, during a special interview at Bloomberg Television.
While interest rates rise as a result of the good health of the US economy, it will be a return to normal. However, interest rate hikes, coupled with a reduction in global bond repurchase programs, may cause more volatility, given that exit from monetary stimulus is unplanned territory.
So far, we have not had asset redemption programs or exit these programs, the expert added.
JPMorgan Chief Executive Officer also hopes the tensions between the US and China will not hurt the financial expansion plan for China.