JPM Treasury Client Survey (W/e 9th March): Active client shorts rise to 22 from 11, the most outright shorts since February 2nd

The JPM Treasury Client Survey indicates a significant increase in active client shorts, rising to 22 from 11.

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JPM Treasury Client Survey (W/e 9th March): Active client shorts rise to 22 from 11, the most outright shorts since February 2nd

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All Clients

  • Long: 24 (prev. 22)
  • Neutral: 63 (prev. 69)
  • Short: 13 (prev. 9)
  • Net longs: 11 (prev. 13)

Active Clients

  • Long: 44 (prev. 44)
  • Neutral: 34 (prev. 45)
  • Short: 22 (prev. 11)
  • Net longs: 22 (prev. 33)
Context

This uptick to the highest level since early February suggests a growing bearish sentiment among clients, which could point to expectations of further price declines in the Treasury market, potentially influencing interest rate paths and overall market sentiment.

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