JPMorgan Chase advises to close out short positions in 2-year US Treasury bonds for profit.

J.P. Morgan suggests closing out tactical short positions on 2-year US Treasury bonds for profits, stating that the yield has almost no further room to rise. "The 2-year Treasury bond yield is currently at its highest level since late January, and also at the top end of the trading range since last summer. We believe there is limited upside potential for the yield to continue rising in the short term," wrote strategist Jay Barry and others in the report.