Net Shorts on US Bonds Rise Ahead of Fed Chair Pick

(Reuters) The margin of investors who said they had fewer longer-dated Treasuries than their benchmarks over those who held more longer-dated bonds than their benchmarks increased in the latest week, JPMorgan Chase & Co’s latest client survey showed on Tuesday. Investors have scaled back their holdings of longer-dated government debt on speculation U.S. President Donald Trump might nominate a Federal Reserve chair who favors a faster pace of interest rate increases, analysts said.

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