A recent survey by JPMorgan indicates a rise in bullish sentiment among U.S. Treasury bond investors. As of early December, the proportion of investors holding long positions increased by 6 percentage points, while those with neutral positions decreased by the same margin. The percentage of short positions remained unchanged.
Overall, the percentage of long positions among all clients reached its highest level since December, with the net long positions hitting a one-month high. Specifically, for the period ending December 2 compared to November 25, the data showed an increase in long positions from 22% to 28%, a decrease in neutral positions from 67% to 61%, and stable short positions at 11%. Net long positions rose from 11% to 17%.
Among active clients, long positions surged from 22% to 33%, while neutral positions dropped from 78% to 67%, with no short positions recorded. Net long positions for this group increased from 22% to 33%.
