J.P. Morgan's survey of U.S. Treasury clients showed that the proportion of neutral positions reached a new high since December 2024.

According to a survey of J.P. Morgan Chase's US Treasury clients, as of the week of February 23rd, the percentage of short positions decreased by 4 percentage points, long positions decreased by 2 percentage points, and neutral positions increased by 6 percentage points. The survey results from all clients show that the percentage of short positions is at its lowest since December 15th of last year, while neutral positions are at their highest since December of 2024.