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Investors cut back on bullish U.S. bond positions: survey

Published 06/04/2019, 10:12 AM
Updated 06/04/2019, 10:15 AM
© Reuters.  Investors cut back on bullish U.S. bond positions: survey

(Reuters) - Bond investors' net bullish positions in longer-dated U.S. Treasuries fell to their lowest level since mid-April following last week's dramatic bond market rally spurred by safe-haven bond demand tied to global trade tensions, a J.P. Morgan survey showed on Tuesday.

The margin of investors who said they were long or holding more longer-dated Treasuries than their portfolio benchmarks above those who they were short or holding fewer longer-dated bonds than their benchmark, fell to 2% on Monday, down from 18% a week ago, the latest J.P. Morgan survey showed.

This was the lowest level of net longs since April 15.

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