According to JPMorgan Chase's latest survey of US Treasury clients, for the week ending January 5th, the proportion of long positions decreased by 11 percentage points, while short positions increased by 6 percentage points and neutral positions rose by 5 percentage points. The survey across all client segments revealed that both net long positions and the share of outright long positions have fallen to their lowest levels since October 2024.
All Clients (January 5th compared to December 15th) Long: 19 vs 30 Neutral: 66 vs 61 Short: 15 vs 9 Net Long: 4 vs 21
Active Clients Long: 33 vs 44 Neutral: 45 vs 56 Short: 22 vs 0 Net Long: 11 vs 44
Comments