U.S. bond intervention is like 'paying your mortgage with your credit card,' JPMorgan's Sullivan says
Reported by CNBC · cnbc.com · August 21, 2026
The U.S. government's efforts to manage pressure in the Treasury market risk merely shifting the problem down the road, according to JPMorgan's James Sullivan.
What the tape says
What to watch: Higher-for-longer rates compress duration assets: growth stocks, REITs, and long-duration bonds.
Market reaction today: $JPM +1.37%
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