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

US TSYS
US TSYS: /RESEARCH: The latest JPM Treasury Client Survey, longs slipped 2%,
neutrals held steady, shorts gain 2%. JPM notes the all clients survey "is now
3%-pts longer than its 4-week average," while the active clients survey remains
"flat for the third consecutive week".
All Clients
* Date     Long   Neutral  Short   Changes
* 1/28     21      56       23       9
* 1/22     23      56       21      13
* 1/14     17      58       25      17
* Actives
* Date     Long   Neutral  Short   Changes
* 1/28     10      80       10      30
* 1/22     10      80       10      20
* 1/14     10      80       10      30

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