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Treasury Investors Are Acting Like the Fed's About to Ease Again

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Bets Fade on Another Fed Rate Hike This Year

JPMorgan Chase & Co. says the Treasury market is acting like the Federal Reserve is more likely to ease policy than to tighten.

The bank’s client survey showed 75 percent of respondents are neutral on the bond market, a five-year high. Curiously, the poll has only favored neutrality to such an extent on 22 occasions in its 26-year history.