Free Trial

J.P.Morgan Once Again Point To Positioning As Impediment To Cheapening

US TSYS

In lieu of Thursday’s price action J.P.Morgan note that “while some of today’s rally could be due to a general risk off tone, we think that the extent of the bull flattening move was not justified by fundamentals, and we continue to think that position technicals are making it difficult for yields to move higher. As we have highlighted throughout the week, our latest Treasury Client Survey released earlier this week sits at its most net short since September 6th, and short covering flows may have contributed to today’s rally.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.