The proportion of short positions held by JPMorgan's clients in U.S. Treasuries has reached a new high since February.

According to a report by Golden Finance, a survey of JPMorgan's U.S. Treasury clients shows that for the week ending May 27, the proportion of short positions rose by 2 percentage points, while long positions fell by 2 percentage points, and the neutral position remained unchanged. All client surveys indicate that the proportion of short positions hit a new high since February 10, while the net long positions reached their lowest since February 3.