Bond Traders Position for US Treasury Market to Extend Rebound
- JPMorgan client long bond positions rise to biggest in a year
- Trading surge after Fed’s Waller leans toward Dec. rate cut
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Bond traders are positioning for the US Treasuries market to extend its recent advance, showing confidence that yields will continue to pull back from the peaks hit after Donald Trump’s election victory.
JPMorgan Chase & Co.’s weekly survey on Tuesday showed that its clients’ have boosted their long positions in US government debt to the highest in a year, dropping what had been a neutral stance toward the securities. The change follows a rally over the past two weeks that was aided by strong demand at the Treasury’s note auctions.