JPM Treasury Client Survey (w/e Feb 2nd): Active clients show the fewest net longs since January 5th, 2026

The JPM Treasury Client Survey indicates a notable decline in net longs among active clients, now at the lowest level since January 5th, 2026.

Newsquawk StaffPublished On the live feed at 1 more headline followed before this page went public
Newsquawk headlinesUTC

Fed's Barkin (2027 voter) says as we move into 2026, it feels like the fog is starting to lift — or perhaps our eyes are just starting to adjust.

US BROKER MOVES: FDX upgraded at Wells Fargo; ADBE, FRSH, VERX downgraded at Piper Sandler

JPM Treasury Client Survey (w/e Feb 2nd): Active clients show the fewest net longs since January 5th, 2026

Fed's Miran says underlying inflation is not a problem; needs to cut rates by about a percentage point this year - Fox News interview

Kazakhstan's KazTrans Oil says loadings from the Aktau port to Baku, Tbilisi, Kahan pipeline, currently out 106k tonnes in January.

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.

All clients (Feb 2nd vs Jan 26th).

  • Long: 20 (vs. 24).
  • Neutral: 60 (vs. 57).
  • Short: 20 (vs. 19).
  • Net longs: 0 (vs. 5).

Active Clients   

  • Long: 44 (vs. 56).
  • Neutral: 34 (vs. 33).
  • Short: 22 (vs. 11).
  • Net longs: 22 (vs. 45).
Context

This shift, alongside an increase in neutral and short positions, suggests a growing cautiousness in the market, potentially influencing sentiment around fixed income and equity strategies. The significant drop in net longs could have implications for bond yields and risk appetite going forward.

Related headlines

The whole workspace, free to try.

Try it free