COT Positioning
T-Bond
ZB · 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 1,923,876| Category | Long | Short | Net | 1-wk Δ | % of OI |
|---|---|---|---|---|---|
| Leveraged Funds | 176,947 | 518,869 | -341,922 | +9,024 | 23.7% |
| Dealer/Intermediary | 21,945 | 320,667 | -298,722 | +38,917 | 11.7% |
| Asset Managers | 1,115,022 | 588,136 | +526,886 | -72,938 | 58.0% |
| Other Reportables | 93,956 | 103,341 | -9,385 | -5,712 | 6.7% |
Trader group split
24%
12%
58%
- Lev funds23.7%
- Dealer11.7%
- Asset mgrs58.0%
- Other6.7%
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 | -341,922 | -298,722 | +526,886 | -9,385 | +9,024 | -17.8% | 60 | 0.79 | 113.50 | — |
| 2026-06-23 | -350,946 | -337,639 | +599,824 | -3,673 | -40,633 | -17.8% | 58 | 0.68 | 112.81 | — |
| 2026-06-16 | -310,313 | -330,522 | +547,031 | -8,210 | -28,380 | -16.0% | 68 | 1.15 | 113.66 | — |
| 2026-06-09 | -281,933 | -281,630 | +478,569 | -10,467 | -1,871 | -15.0% | 75 | 1.48 | 112.28 | — |
| 2026-06-02 | -280,062 | -270,385 | +481,651 | -18,685 | +40,684 | -14.9% | 75 | 1.50 | 113.03 | — |
| 2026-05-26 | -320,746 | -221,213 | +470,599 | -11,992 | +5,637 | -16.0% | 65 | 1.02 | 112.19 | — |
| 2026-05-19 | -326,383 | -225,702 | +495,098 | -10,389 | -30,187 | -17.4% | 64 | 0.95 | 109.81 | — |
| 2026-05-12 | -296,196 | -251,788 | +461,742 | +272 | -10,723 | -16.1% | 71 | 1.27 | 112.28 | — |
| 2026-05-05 | -285,473 | -239,455 | +442,503 | +2,507 | -61,644 | -15.6% | 74 | 1.39 | 112.72 | — |
| 2026-04-28 | -223,829 | -273,674 | +397,314 | -1,576 | -7,669 | -12.4% | 89 | 2.09 | 113.53 | Extreme |
| 2026-04-21 | -216,160 | -291,062 | +411,440 | -6,090 | -10,642 | -12.0% | 90 | 2.19 | 114.19 | Extreme |
| 2026-04-14 | -205,518 | -269,348 | +378,167 | -8,189 | -20,657 | -11.6% | 93 | 2.34 | 114.66 | Extreme |
| 2026-04-07 | -184,861 | -278,974 | +371,474 | -10,944 | -9,251 | -10.4% | 98 | 2.62 | 113.50 | Extreme |
| 2026-03-31 | -175,610 | -288,021 | +375,865 | -13,595 | +122,359 | -9.7% | 100 | 2.78 | 113.88 | Extreme |
| 2026-03-24 | -297,969 | -238,189 | +474,768 | -29,578 | -20,970 | -16.6% | 81 | 1.36 | 112.62 | — |
| 2026-03-17 | -276,999 | -235,355 | +434,337 | -30,602 | +17,733 | -15.5% | 87 | 1.61 | 115.31 | — |
| 2026-03-10 | -294,732 | -234,042 | +427,877 | -36,777 | +63,259 | -16.4% | 82 | 1.40 | 116.53 | — |
| 2026-03-03 | -357,991 | -208,468 | +462,720 | -39,451 | +27,519 | -19.5% | 65 | 0.63 | 117.69 | — |
| 2026-02-24 | -385,510 | -219,592 | +478,011 | -44,048 | +977 | -18.9% | 57 | 0.30 | 118.03 | — |
| 2026-02-17 | -386,487 | -208,083 | +493,725 | -40,518 | -53,616 | -21.0% | 57 | 0.28 | 118.00 | — |
| 2026-02-10 | -332,871 | -207,665 | +464,418 | -45,430 | -3,498 | -18.9% | 72 | 0.92 | 116.47 | — |
| 2026-02-03 | -329,373 | -151,908 | +429,764 | -45,709 | +43,938 | -19.1% | 72 | 0.97 | 114.59 | — |
| 2026-01-27 | -373,311 | -201,040 | +492,659 | -46,384 | +13,706 | -20.3% | 61 | 0.44 | 115.53 | — |
| 2026-01-20 | -387,017 | -188,094 | +499,121 | -41,045 | +10,845 | -21.1% | 57 | 0.28 | 114.25 | — |
| 2026-01-13 | -397,862 | -204,853 | +533,755 | -40,628 | -24,331 | -21.9% | 54 | 0.15 | 115.81 | — |
| 2026-01-06 | -373,531 | -214,184 | +513,641 | -41,744 | -33,837 | -20.0% | 60 | 0.44 | 115.16 | — |