JPMorgan CEO Jamie Dimon called Treasurys a poor investment, saying he wouldn’t touch them with a ’10-foot pole’

JPMorgan CEO Jamie Dimon called Treasurys a poor investment, saying he wouldn’t touch them with a ’10-foot pole’

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JPMorgan's Jamie Dimon said he wouldn't touch US Treasurys with a "10-foot pole" because they're a poor investment right now, CNBC reported.The yield on the 10-year US Treasury note was last at around only 0.9%, despite having doubled in around four months, as interest rates remain near record lows and investors prefer equities right now.Speaking at a virtual conference, Dimon said there may be a bubble in some parts of the stock market, but not all of it.He also expressed support for a second US stimulus package.Visit Business Insider's homepage for more stories.

JPMorgan CEO Jamie Dimon called US Treasurys a poor investment right now, given how little they offer in the way of returns right now, compared to other assets, CNBC reported Tuesday. 

"I would not be a buyer of Treasurys," Dimon said at the Goldman Sachs 2020 US Financial Services Virtual Conference. "I think Treasurys, at these rates, I wouldn't touch them with a 10-foot pole."

The stock market continues to move higher, driven by positive news on coronavirus vaccines which, in turn is encouraging investors to move out of safe-haven assets, such as Treasurys and gold, and into riskier assets that tend to gain from economic expansion.

Also, the