Treasury Investors Most Bullish Since 2013 as Fed Decision Looms
- JPMorgan weekly survey shows rising net holdings of Treasuries
- Latest CFTC figures show futures bets against two-year notes
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Last week’s rout in Treasuries may be attracting buyers to government debt, even as the Federal Reserve looks set to raise interest rates for the first time in a decade.
In a JPMorgan Chase & Co. survey of clients, the net percentage of investors holding Treasuries rose to 6 percentage points Monday from zero a week earlier, the most bullish stance since November 2013. The increase followed a sell-off last week after the European Central Bank disappointed investors with its stimulus measures. On Dec. 3, 10-year Treasury yields logged their biggest single-day jump since May.