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        Investors are bullish on long-term U.S. Treasuries


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Bond investors'bullishness on long-term U.S. Treasuries was the highest since late May before the Federal Reserve policy meeting, according to JPMorgan Chase Weekly Survey on Tuesday. It is widely expected that the Federal Reserve will cut interest rates for the first time in 10 years at this meeting.
In this survey, the proportion of investors who responded that they were "long" or overmatched long-term U.S. government bonds was 13 percentage points higher than those who responded that they were "short" or undermatched.
JPMorgan Chase said it was the highest net long level in the survey since May 28, with five percentage points in the previous week.
Traders and investors generally expect the Federal Reserve to announce on Wednesday its first rate cut since the peak of the financial crisis more than a decade ago.
Many Fed officials, including Chairman Powell, have hinted that they are prepared to cut interest rates in response to the risks posed by trade disputes and weakening global demand.


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