JPM Treasury Client Survey (W/E Jan 12th): Survey shows fewest net longs since October 2024 and most outright shorts since October 6th 2026

The latest JPMorgan Treasury Client Survey indicates a significant shift in sentiment, with the fewest net longs since October 2024 and the most outright shorts recorded since October 2026.

Newsquawk StaffPublished 13 Jan 2026, 12:45 UTCOn the live feed at 12:25 UTC — 6 more headlines followed before this page went public

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JPM Treasury Client Survey (W/E Jan 12th): Survey shows fewest net longs since October 2024 and most outright shorts since October 6th 2026

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All clients (Jan. 12 vs. Jan. 5)

Long: 22 vs. 19
Neutral: 59 vs. 66
Short: 19 vs. 15
Net longs: 3 vs. 4

Active clients

Long: 44 vs. 33
Neutral: 45 vs. 45
Short: 11 vs. 22
Net longs: 33 vs. 11

Context

This suggests a bearish outlook among clients, which may imply cautiousness in the fixed income space that could influence Treasury yields and related market dynamics, especially if sentiment shifts further ahead of key economic data releases.

Fixed Income · last 90 days

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