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Tuesday, 18 May, 2021

JPMorgan Treasury Client Survey

JPMorgan Treasury Client Survey shorts dropped 2ppts while longs rose 3ppts with neutrals falling 1ppt; net short contracted from widest since 2018. Active-client shorts dropped 10ppts with neutrals rising same amount and longs unchanged.

All clients (May 17 vs May 10)
Long: 16 vs 13
Neutral: 44 vs 45
Short: 40 vs 42
Net: -24 vs -29
Active clients
Long: 20 vs 20
Neutral: 40 vs 30
Short: 40 vs 50
Net: -20 vs -30

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