Traders are increasingly betting on a shift in monetary policy from the Federal Reserve, with expectations for a rate cut rising significantly. Currently, traders are fully pricing in a 50 basis point cut for this year, and the likelihood of a rate cut in March has increased to approximately 36%, up from 28% just days earlier. This shift follows recent market turmoil. Additionally, JPMorgan Chase & Co.'s latest Treasury Client Survey indicates that investors have established the largest net long position in US government debt since October 2010, reflecting a bullish sentiment among bond traders ahead of the Fed's decision scheduled for Wednesday. The survey highlights that this is the most significant net long position in US Treasuries in nearly 15 years.
JPMorgan Chase & Co.’s latest client survey released Tuesday shows the biggest net long position in US government debt in almost 15 years. (BBG) JPM Treasury Client Positioning Survey Client net long positions rise to the most since October 2010 https://t.co/LnD39JdhVv
🇺🇸 #Bonds #Treasuries | *JPMorgan survey shows clients net longs biggest in 15 years - Bloomberg TV Chart https://t.co/QnHepiqdlk
🇺🇸 Bets on Bigger Treasuries Rally Are Booming Before #Fed Decision – Bloomberg *JPMorgan survey shows clients net longs biggest in 15 years https://t.co/v7SFpmvq6A https://t.co/nLZ6qvcmfN