Weak job data boosts expectations of interest rate cuts. Investors increase their bullish bets on US bonds ahead of the release of August CPI.

According to the app of China Fortune, investors increased their bullish bets on US Treasury bonds before the release of August CPI data in the United States this week, as a series of weaker-than-expected economic data recently opened the door for the Federal Reserve to cut interest rates in September and further loosen monetary policy in the coming months. According to a survey of US bond clients by JPMorgan Chase, long positions increased by 2 percentage points while short positions remained unchanged, maintaining the highest level since early February of this year.