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/RESEARCH: The latest JPM Treasury Client...>

US TSYS
US TSYS: /RESEARCH: The latest JPM Treasury Client Survey, longs surged (+8%),
while neutrals and shorts declined by half that amount. JPM details all clients
survey shows the "fewest net shorts since September 18, 2017," while the active
clients survey "is 3%-pts longer than its 4-week average."
* All Clients
* Date     Long   Neutral  Short  Changes
* 05/21     23      47       30     11
* 05/14     15      51       34      9
* 05/07     15      57       28     11
* Actives
* Date     Long   Neutral  Short  Changes
* 05/21     20      40       40     20
* 05/14     10      50       40     30
* 05/07     10      60       30     40

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