JPMorgan Chase's latest US Treasury client survey as of December 8 revealed a 6-percentage-point decline in long positions, shifting to neutral, while short positions remained unchanged. The survey of all clients indicated the lowest long position ratio since October 27 and the weakest net long position since November 3, with neutral positions rising to their highest level since August 25.
All Clients (December 8 vs. December 1) Long: 24 vs. 30; Neutral: 67 vs. 61; Short: 9 vs. 9; Net Long: 15 vs. 21.
Active Clients Long: 33 vs. 44; Neutral: 56 vs. 45; Short: 11 vs. 11; Net Long: 22 vs. 33.