August 29, 2017 / 1:54 PM / in 4 months

Investors most neutral on U.S. longer-dated bonds in 5 years - JPMorgan

NEW YORK, Aug 29 (Reuters) - Investors ratcheted up their caution on owning longer-dated U.S. Treasury debt, raising their neutral stance to the strongest level in five years, JPMorgan Chase & Co’s latest client survey showed on Tuesday.

The share of investors who said they were holding longer-dated Treasuries equal to their benchmarks rose to 75 percent, the most since Aug. 27, 2012, and higher than 70 percent a week ago, JPMorgan said.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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