Bond traders exited wagers in futures and cash Treasuries in the past week, turning more neutral as brinkmanship around tariffs clouded the outlook for the economy and the Federal Reserve and threatened to boost turbulence.
In Treasuries futures, traders unwound positions across shorter maturities on Monday by the most since November as the looming kickoff of President Donald Trump’s levies roiled markets. Meanwhile, investors in cash Treasuries have pulled back sharply from the biggest net long stance in almost 15 years, JPMorgan Chase & Co.’s latest client survey shows.
