Uncertain interest rate policy outlook prompts bond investors to reduce bullish bets on US Treasury bonds.

According to the Chinese financial news app, as the market prepares to welcome the upcoming meeting of the Federal Reserve, which is expected to reveal the magnitude of rate cuts in the coming months, bond traders have reduced their bets on US Treasuries in the past week. JPMorgan's weekly survey of US Treasury clients shows that ahead of the Fed meeting on Wednesday, net long positions have fallen to the lowest level in two months, indicating a weakening bullish sentiment among investors. Although market-implied expectations for Fed policy remain stable, the pricing of swap contracts suggests that the rate cut by the end of the year will be slightly less than 0.5 percentage points, with the earliest possible rate cut to begin in September.