COT Positioning
Ultra T-Bond
UB · report date 2026-06-30
Read with care: leveraged-fund net shorts in Treasury futures largely reflect the cash-futures basis trade (long cash bonds vs. short futures), not directional bets on rates. Interpret the speculative net accordingly.
Latest report
2026-06-30 · OI 2,456,625| Category | Long | Short | Net | 1-wk Δ | % of OI |
|---|---|---|---|---|---|
| Leveraged Funds | 87,866 | 997,768 | -909,902 | +15,648 | 29.6% |
| Dealer/Intermediary | 20,868 | 276,597 | -255,729 | +3,356 | 8.1% |
| Asset Managers | 1,670,677 | 544,142 | +1,126,535 | -28,547 | 60.4% |
| Other Reportables | 32,793 | 35,752 | -2,959 | -8,605 | 1.9% |
Trader group split
30%
8%
60%
- Lev funds29.6%
- Dealer8.1%
- Asset mgrs60.4%
- Other1.9%
Charts
Positions by category
Price — weekly candles
Open interest
Lev funds net vs price
Z-score (±2 bands)
Lev funds — weekly change
Δ LongΔ ShortΔ Net
Last 26 weeks — all metrics
| Week | Lev funds net | Dealer net | Asset mgrs net | Other net | 1-wk Δ | % OI | COT Idx | z | Price | Extreme |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | -909,902 | -255,729 | +1,126,535 | -2,959 | +15,648 | -37.0% | 6 | -2.53 | 116.16 | Extreme |
| 2026-06-23 | -925,550 | -259,085 | +1,155,082 | +5,646 | +13,224 | -37.3% | 3 | -2.75 | 115.47 | Extreme |
| 2026-06-16 | -938,774 | -242,081 | +1,163,081 | +9,680 | -3,616 | -38.0% | 0 | -2.98 | 116.19 | Extreme |
| 2026-06-09 | -935,158 | -213,303 | +1,139,250 | +10,715 | -25,761 | -39.0% | 0 | -3.05 | 114.59 | Extreme |
| 2026-06-02 | -909,397 | -173,094 | +1,081,870 | +8,915 | -38,384 | -38.6% | 0 | -2.89 | 115.34 | Extreme |
| 2026-05-26 | -871,013 | -192,010 | +1,066,258 | +8,877 | +15,050 | -34.4% | 6 | -2.57 | 114.22 | Extreme |
| 2026-05-19 | -886,063 | -196,692 | +1,079,369 | +13,068 | -12,834 | -35.0% | 3 | -2.82 | 111.50 | Extreme |
| 2026-05-12 | -873,229 | -268,638 | +1,145,367 | +10,880 | +2,354 | -37.1% | 6 | -2.76 | 114.28 | Extreme |
| 2026-05-05 | -875,583 | -265,815 | +1,138,213 | +12,636 | +7,694 | -38.1% | 5 | -2.88 | 115.03 | Extreme |
| 2026-04-28 | -883,277 | -299,942 | +1,165,356 | +11,555 | +10,075 | -38.2% | 3 | -3.07 | 115.84 | Extreme |
| 2026-04-21 | -893,352 | -307,579 | +1,185,560 | +12,333 | +4,000 | -39.3% | 1 | -3.32 | 116.62 | Extreme |
| 2026-04-14 | -897,352 | -316,811 | +1,195,571 | +13,643 | -35,757 | -39.4% | 0 | -3.52 | 117.12 | Extreme |
| 2026-04-07 | -861,595 | -322,484 | +1,170,097 | +14,992 | -14,270 | -38.1% | 0 | -3.21 | 116.12 | Extreme |
| 2026-03-31 | -847,325 | -315,180 | +1,131,051 | +15,026 | -15,183 | -38.0% | 0 | -3.14 | 116.56 | Extreme |
| 2026-03-24 | -832,142 | -321,022 | +1,119,030 | +12,567 | +4,036 | -37.4% | 2 | -3.05 | 115.62 | Extreme |
| 2026-03-17 | -836,178 | -301,715 | +1,132,733 | +3,384 | +4,868 | -37.5% | 1 | -3.22 | 117.78 | Extreme |
| 2026-03-10 | -841,046 | -311,153 | +1,125,454 | +9,829 | -98,579 | -36.9% | 0 | -3.43 | 119.31 | Extreme |
| 2026-03-03 | -742,467 | -363,724 | +1,084,468 | +7,994 | +27,090 | -33.3% | 9 | -2.01 | 120.62 | Extreme |
| 2026-02-24 | -769,557 | -355,783 | +1,108,447 | +3,951 | -4,618 | -30.3% | 0 | -2.49 | 120.81 | Extreme |
| 2026-02-17 | -764,939 | -352,252 | +1,088,602 | +7,025 | -25,325 | -33.9% | 0 | -2.48 | 120.97 | Extreme |
| 2026-02-10 | -739,614 | -350,857 | +1,073,829 | +16,475 | -33,139 | -33.7% | 0 | -2.11 | 119.06 | Extreme |
| 2026-02-03 | -706,475 | -347,420 | +1,036,283 | +16,538 | -11,629 | -32.3% | 2 | -1.58 | 116.81 | Extreme |
| 2026-01-27 | -694,846 | -354,264 | +1,027,638 | +14,981 | -30,223 | -32.1% | 7 | -1.40 | 118.12 | — |
| 2026-01-20 | -664,623 | -336,106 | +973,281 | +21,895 | -43,477 | -30.9% | 20 | -0.89 | 116.53 | — |
| 2026-01-13 | -621,146 | -326,470 | +920,755 | +20,365 | -32,147 | -29.5% | 37 | -0.13 | 118.12 | — |
| 2026-01-06 | -588,999 | -318,549 | +869,833 | +19,481 | +27,039 | -28.1% | 51 | 0.43 | 117.34 | — |