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3 Jun 2015
Net shorts in US Treasuries at 9-year high – J.P. Morgan survey
FXStreet (Mumbai) - A J.P. Morgan survey released on Tuesday showed the investor sentiment on the US Treasuries fell to the worst level in nine years.
The survey showed net shorts on longer-dated Treasury notes jumped to 32% on Monday, which is the highest level of shorts since May 5, 2006. Net shorts refers to the difference between the share of "short" investors who hold less longer-dated debt versus portfolio benchmarks and the share of "long" investors who hold more longer-dated debt than benchmarks.
A week earlier the net short’s stood at 13%. The sentiment could have been deteriorated on account of increased speculation of a rate hike in the US this year and due to the ongoing rout in the major bond markets across the globe.
The survey showed net shorts on longer-dated Treasury notes jumped to 32% on Monday, which is the highest level of shorts since May 5, 2006. Net shorts refers to the difference between the share of "short" investors who hold less longer-dated debt versus portfolio benchmarks and the share of "long" investors who hold more longer-dated debt than benchmarks.
A week earlier the net short’s stood at 13%. The sentiment could have been deteriorated on account of increased speculation of a rate hike in the US this year and due to the ongoing rout in the major bond markets across the globe.