COT Positioning
10-Year T-Note
ZN · 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 5,248,455| Category | Long | Short | Net | 1-wk Δ | % of OI |
|---|---|---|---|---|---|
| Leveraged Funds | 354,091 | 2,323,942 | -1,969,851 | -31,104 | 33.7% |
| Dealer/Intermediary | 190,346 | 619,867 | -429,521 | +58,289 | 10.2% |
| Asset Managers | 3,218,515 | 840,365 | +2,378,150 | -15,937 | 51.1% |
| Other Reportables | 199,327 | 197,614 | +1,713 | -21,685 | 5.0% |
Trader group split
34%
10%
51%
- Lev funds33.7%
- Dealer10.2%
- Asset mgrs51.1%
- Other5.0%
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 | -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 | — |
| 2026-04-07 | -1,975,685 | -420,554 | +2,217,237 | +154,720 | -19,954 | -38.6% | 38 | -0.69 | 110.86 | — |
| 2026-03-31 | -1,955,731 | -376,807 | +2,165,718 | +131,082 | -106,966 | -38.0% | 39 | -0.65 | 111.05 | — |
| 2026-03-24 | -1,848,765 | -392,078 | +2,040,423 | +158,667 | +86,163 | -35.8% | 43 | -0.39 | 110.42 | — |
| 2026-03-17 | -1,934,928 | -357,053 | +2,087,270 | +157,620 | -56,000 | -36.7% | 36 | -0.62 | 112.14 | — |
| 2026-03-10 | -1,878,928 | -299,853 | +2,044,727 | +96,422 | +43,641 | -35.3% | 40 | -0.49 | 112.58 | — |
| 2026-03-03 | -1,922,569 | -234,766 | +2,098,536 | +24,597 | +65,211 | -35.2% | 36 | -0.60 | 113.11 | — |
| 2026-02-24 | -1,987,780 | -252,211 | +2,160,726 | +72,064 | +72,470 | -33.3% | 32 | -0.77 | 113.30 | — |
| 2026-02-17 | -2,060,250 | -334,656 | +2,260,813 | +63,201 | -29,333 | -36.0% | 28 | -0.95 | 113.12 | — |
| 2026-02-10 | -2,030,917 | -325,236 | +2,146,159 | +124,184 | +58,208 | -36.9% | 29 | -0.89 | 112.52 | — |
| 2026-02-03 | -2,089,125 | -277,719 | +2,029,644 | +272,776 | +65,037 | -38.0% | 26 | -1.04 | 111.59 | — |
| 2026-01-27 | -2,154,162 | -178,778 | +1,993,454 | +264,099 | -61,938 | -37.9% | 22 | -1.20 | 111.80 | — |
| 2026-01-20 | -2,092,224 | -139,655 | +1,887,694 | +261,641 | +178,637 | -36.4% | 25 | -1.07 | 111.42 | — |
| 2026-01-13 | -2,270,861 | -152,392 | +2,180,695 | +157,703 | +64,878 | -39.8% | 15 | -1.50 | 112.27 | — |
| 2026-01-06 | -2,335,739 | -125,827 | +2,219,683 | +137,062 | +22,398 | -42.2% | 11 | -1.66 | 112.33 | — |