JPMorgan's Jamie Dimon issued vague credit recession warning, but the bond market has more pressing issues

Risk in the credit markets has received a lot of attention in 2026, from fears about private credit stress to the head of the nation's biggest bank, JPMorgan CEO Jamie Dimon, warning this week — though not pointing to any specific current credit market signal — "We haven't had a credit recession in so long, so when we have one, it would be worse than people think. It might be terrible." Dimon isn't the only Wall Street veteran worried about the longer-term outlook for the bond market. …