COT Positioning
2-Year T-Note
ZT · 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 4,490,379| Category | Long | Short | Net | 1-wk Δ | % of OI |
|---|---|---|---|---|---|
| Leveraged Funds | 378,363 | 2,127,238 | -1,748,875 | +38,677 | 36.4% |
| Dealer/Intermediary | 128,620 | 555,508 | -426,888 | +57,157 | 9.9% |
| Asset Managers | 2,538,045 | 578,035 | +1,960,010 | -57,319 | 45.3% |
| Other Reportables | 362,405 | 214,958 | +147,447 | -35,687 | 8.4% |
Trader group split
36%
10%
45%
8%
- Lev funds36.4%
- Dealer9.9%
- Asset mgrs45.3%
- Other8.4%
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 | -1,748,875 | -426,888 | +1,960,010 | +147,447 | +38,677 | -39.0% | 67 | 0.52 | 103.20 | — |
| 2026-06-23 | -1,787,552 | -484,045 | +2,017,329 | +183,134 | -82,735 | -39.4% | 64 | 0.39 | 103.06 | — |
| 2026-06-16 | -1,704,817 | -377,132 | +1,824,345 | +185,506 | -23,875 | -39.6% | 70 | 0.62 | 103.31 | — |
| 2026-06-09 | -1,680,942 | -419,923 | +1,879,104 | +158,199 | +132,069 | -39.3% | 71 | 0.67 | 103.16 | — |
| 2026-06-02 | -1,813,011 | -329,619 | +1,958,770 | +149,430 | -40,454 | -41.9% | 60 | 0.28 | 103.29 | — |
| 2026-05-26 | -1,772,557 | -379,417 | +1,991,305 | +106,096 | +106,075 | -35.7% | 62 | 0.38 | 103.28 | — |
| 2026-05-19 | -1,878,632 | -424,174 | +2,140,676 | +99,435 | +69,197 | -38.0% | 50 | 0.07 | 103.12 | — |
| 2026-05-12 | -1,947,829 | -369,528 | +2,116,349 | +119,155 | +86,646 | -40.6% | 45 | -0.14 | 103.36 | — |
| 2026-05-05 | -2,034,475 | -381,371 | +2,223,328 | +109,498 | +83,533 | -42.9% | 40 | -0.38 | 103.46 | — |
| 2026-04-28 | -2,118,008 | -432,826 | +2,339,992 | +127,258 | -12,035 | -44.7% | 32 | -0.61 | 103.64 | — |
| 2026-04-21 | -2,105,973 | -402,514 | +2,324,734 | +100,526 | -26,773 | -44.8% | 31 | -0.59 | 103.76 | — |
| 2026-04-14 | -2,079,200 | -466,973 | +2,360,902 | +107,275 | +68,629 | -44.3% | 31 | -0.53 | 103.82 | — |
| 2026-04-07 | -2,147,829 | -492,055 | +2,464,242 | +102,605 | +20,923 | -45.6% | 27 | -0.71 | 103.66 | — |
| 2026-03-31 | -2,168,752 | -511,627 | +2,492,378 | +122,750 | +130,508 | -45.9% | 25 | -0.76 | 103.68 | — |
| 2026-03-24 | -2,299,260 | -557,177 | +2,602,967 | +171,058 | -212,784 | -48.2% | 18 | -1.06 | 103.43 | — |
| 2026-03-17 | -2,086,476 | -456,205 | +2,210,593 | +231,795 | -158,871 | -44.0% | 27 | -0.58 | 103.91 | — |
| 2026-03-10 | -1,927,605 | -483,995 | +2,072,401 | +232,162 | +121,207 | -41.7% | 33 | -0.25 | 104.09 | — |
| 2026-03-03 | -2,048,812 | -333,051 | +2,060,238 | +215,993 | +18,634 | -45.6% | 28 | -0.51 | 104.23 | — |
| 2026-02-24 | -2,067,446 | -298,378 | +2,058,320 | +205,345 | +67,079 | -44.5% | 27 | -0.56 | 104.32 | — |
| 2026-02-17 | -2,134,525 | -419,184 | +2,281,928 | +163,088 | -11,297 | -45.3% | 24 | -0.71 | 104.39 | — |
| 2026-02-10 | -2,123,228 | -427,773 | +2,263,259 | +176,138 | -8,051 | -45.2% | 25 | -0.69 | 104.38 | — |
| 2026-02-03 | -2,115,177 | -392,542 | +2,215,371 | +192,526 | -3,118 | -45.5% | 25 | -0.69 | 104.16 | — |
| 2026-01-27 | -2,112,059 | -369,185 | +2,163,915 | +196,014 | +72,399 | -45.8% | 25 | -0.69 | 104.17 | — |
| 2026-01-20 | -2,184,458 | -312,629 | +2,180,885 | +206,848 | +53,635 | -47.7% | 22 | -0.84 | 104.12 | — |
| 2026-01-13 | -2,238,093 | -296,733 | +2,208,478 | +197,771 | +9,183 | -50.1% | 20 | -0.95 | 104.26 | — |
| 2026-01-06 | -2,247,276 | -274,884 | +2,240,297 | +151,895 | -27,541 | -49.2% | 19 | -0.97 | 104.37 | — |