The JP Morgan Chase survey showed that investors are optimistic about the prospects of US Treasury bonds before the US Federal Reserve’s interest rate decision, and the Fed is expected to cut interest rates.
According to the survey, the proportion of investors who have long positions or over-allocated US long-term government bonds is 13 more than those who respond to weak or low allocations.
Moto said that this is the highest net long position since May 28, compared with five hundred points in the previous week.
Traders and investors expect the Fed to announce on Wednesday, local time, to cut interest rates for the first time in more than a decade.
However, there are still analysts in the market saying that there is no need to cut interest rates for this interest rate because the job market is still stable.