A JPMorgan Chase survey of US Treasury clients showed that in the week ending February 9, the proportion of long positions increased by 4 percentage points, while short positions decreased by 5 percentage points. Neutral positions rose by 1 percentage point. The net long percentage reached its highest level since December 15 of last year.

Breakdown for all clients (February 9 compared to February 2): Long: 24 versus 20 Neutral: 61 versus 60 Short: 15 versus 20 Net Long: 9 versus 0

Breakdown for active clients: Long: 44 versus 44 Neutral: 45 versus 34 Short: 11 versus 22 Net Long: 33 versus 22