Tuesday, October 3, 2017

Net shorts on U.S. longer-dated bonds hit record high -JPMorgan

NEW YORK, Oct 3 (Reuters) - The margin of investors who said they had fewer longer-dated Treasuries than their benchmarks over those who held more longer-dated bonds than their benchmarks rose to a record high, JPMorgan Chase & Co's latest client survey showed on Tuesday. Investors have reduced their bond holdings in recent days after Federal Reserve Chair Janet Yellen said last week the U.S. central bank remains on its gradual rate hike path even as inflation has been stuck below its 2-percent goal, analysts said....(read more)
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