Investors more bullish on bonds in latest week — survey

NEW YORK, Nov 30 (BestGrowthStock) – Investors boosted bets last
week that Treasuries prices would increase in the near term
amid worries European debt woes could spread, a survey released
on Tuesday showed.

The share of investors who said they are long on U.S.
government debt, or holding more bonds than their portfolio
benchmarks, rose to 33 percent in the week ended on Monday from
25 percent the previous week, J.P. Morgan Securities said.

U.S. Treasury debt prices have been bolstered in recent
days by safe-haven buying on worries that Portugal and Spain
may have to follow Ireland in seeking a fiscal bailout
package.

Some are looking for Treasuries weakness, however. The
share of investors who said they were “short,” or owning fewer
Treasuries than their portfolio benchmarks, rose to 10 percent
from 8 percent the previous week.

According to the latest J.P. Morgan survey, the share of
investors who were “neutral,” or owning Treasuries equal to
their portfolio benchmarks, fell to 57 percent from 67
percent.

The share of “longs” made up by active clients, including
market makers and hedge funds, rose to 3 percent from 2
percent.

The amount of active clients who were “neutral” dipped to 7
percent from 8 percent, while the share of active clients who
were “short” held at 1 percent for a third straight week.
(Reporting by Chris Reese; Editing by Dan Grebler)

Investors more bullish on bonds in latest week — survey