Reuters – An increased number of investors were bearish on Treasuries in the latest week, with expectations of further U.S. interest rate hikes, according to a poll released on Tuesday.
Investors who said they were short on Treasuries rose to 45 percent as of the week ended Nov. 28 from 43 percent the previous week and a four-week average of 42 percent, J.P. Morgan Securities said.
The number of outright “shorts” was the greatest since the end of August, the bank said. Among those short respondents, 2 percent were active clients, which included market makers and hedge funds, unchanged from last week.
