COT Positioning
10-Year T-Note
ZN · report date 2026-10-06
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
2026-10-06 · OI 5,742,990| Category | Long | Short | Net | 1-wk Δ | % of OI |
|---|---|---|---|---|---|
| Leveraged Funds | 510,611 | 2,650,396 | -2,139,785 | -103,353 | 35.4% |
| Dealer/Intermediary | 98,637 | 740,670 | -642,033 | +94,552 | 9.4% |
| Asset Managers | 3,602,149 | 774,010 | +2,828,139 | +51,608 | 49.1% |
| Other Reportables | 235,054 | 307,808 | -72,754 | -20,467 | 6.1% |
Trader group split
35%
9%
49%
- Lev funds35.4%
- Dealer9.4%
- Asset mgrs49.1%
- Other6.1%
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-10-06 | -2,139,785 | -642,033 | +2,828,139 | -72,754 | -103,353 | -37.3% | 27 | -0.86 | 104.50 | — |
| 2026-09-29 | -2,036,432 | -736,585 | +2,776,531 | -52,287 | -109,485 | -35.9% | 34 | -0.60 | 104.42 | — |
| 2026-09-22 | -1,926,947 | -580,674 | +2,531,384 | -9,480 | -58,821 | -35.6% | 41 | -0.31 | 106.00 | — |
| 2026-09-15 | -1,868,126 | -719,408 | +2,634,980 | -44,179 | +70,628 | -34.7% | 45 | -0.16 | 106.19 | — |
| 2026-09-08 | -1,938,754 | -634,446 | +2,561,681 | +14,908 | +123,748 | -37.1% | 41 | -0.36 | 107.58 | — |
| 2026-09-01 | -2,062,502 | -587,097 | +2,604,213 | +21,492 | +71,837 | -39.1% | 32 | -0.69 | 107.62 | — |
| 2026-08-25 | -2,134,339 | -580,307 | +2,592,072 | +58,624 | +94,674 | -34.4% | 27 | -0.89 | 108.86 | — |
| 2026-08-18 | -2,229,013 | -489,394 | +2,585,495 | +100,336 | -65,299 | -39.8% | 21 | -1.16 | 108.56 | — |
| 2026-08-11 | -2,163,714 | -474,266 | +2,554,411 | +82,527 | +67,956 | -39.6% | 25 | -1.00 | 108.48 | — |
| 2026-08-04 | -2,231,670 | -408,454 | +2,594,679 | +61,618 | -75,931 | -42.4% | 21 | -1.19 | 108.84 | — |
| 2026-07-28 | -2,155,739 | -459,602 | +2,611,964 | +17,525 | -90,934 | -40.6% | 26 | -1.01 | 108.81 | — |
| 2026-07-21 | -2,064,805 | -516,588 | +2,537,186 | +54,619 | +14,848 | -39.2% | 32 | -0.78 | 108.64 | — |
| 2026-07-14 | -2,079,653 | -493,035 | +2,512,431 | +32,171 | -75,630 | -39.4% | 31 | -0.83 | 108.92 | — |
| 2026-07-07 | -2,004,023 | -477,426 | +2,425,982 | +34,476 | -34,172 | -37.7% | 36 | -0.64 | 109.33 | — |
| 2026-06-30 | -1,969,851 | -429,521 | +2,378,150 | +1,713 | -31,104 | -37.5% | 39 | -0.56 | 109.89 | — |
| 2026-06-23 | -1,938,747 | -487,810 | +2,394,087 | +23,398 | +143,489 | -36.8% | 41 | -0.49 | 109.38 | — |
| 2026-06-16 | -2,082,236 | -439,759 | +2,485,001 | +17,243 | -102,725 | -39.1% | 31 | -0.87 | 110.19 | — |
| 2026-06-09 | -1,979,511 | -462,478 | +2,412,885 | +29,992 | -16,417 | -37.7% | 38 | -0.61 | 109.48 | — |
| 2026-06-02 | -1,963,094 | -442,156 | +2,354,292 | +43,125 | +42,886 | -36.9% | 39 | -0.58 | 109.95 | — |
| 2026-05-26 | -2,005,980 | -458,966 | +2,070,343 | +102,834 | -53,243 | -32.1% | 36 | -0.70 | 109.83 | — |
| 2026-05-19 | -1,952,737 | -489,043 | +2,267,251 | +112,752 | +4,205 | -33.5% | 40 | -0.57 | 108.70 | — |
| 2026-05-12 | -1,956,942 | -407,941 | +2,120,141 | +197,318 | +46,906 | -33.4% | 39 | -0.59 | 110.03 | — |
| 2026-05-05 | -2,003,848 | -397,312 | +2,137,785 | +195,449 | +91,951 | -37.3% | 36 | -0.72 | 110.34 | — |
| 2026-04-28 | -2,095,799 | -441,203 | +2,257,647 | +188,138 | -55,524 | -39.0% | 30 | -0.97 | 110.86 | — |
| 2026-04-21 | -2,040,275 | -398,656 | +2,200,370 | +174,479 | -30,304 | -39.1% | 34 | -0.84 | 111.30 | — |
| 2026-04-14 | -2,009,971 | -394,403 | +2,213,257 | +148,709 | -34,286 | -38.8% | 36 | -0.77 | 111.53 | — |