J.P. Morgan's US Treasury client short positions hit their highest level since February 2023

JPMorgan US Treasury client survey shows that as of the week of October 7th, long positions decreased by 9 percentage points, short positions increased by 3 percentage points, and neutral positions increased by 6 percentage points. The survey shows that net long positions are at their lowest level since February 2023, while short positions are also at their highest level since the same period.