ULTRA UST BOND COT Report, Traders in Financial Futures
Wednesday, October 28, 2026
Leveraged Funds net -804,808 contracts in ULTRA UST BOND, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Traders in Financial Futures
Basis
Futures only
Market
ULTRA UST BOND - CHICAGO BOARD OF TRADE
CFTC contract code
020604
Contract unit
Contracts Of $100,000 Face Value
Open interest, contracts
2,364,949
Change in open interest, contracts
-33,046
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
17,625
111,045
2,770
-93,420
0.7
4.7
-4.0
Asset Manager/Institutional
1,561,446
712,063
403,136
+849,383
66.0
30.1
35.9
Leveraged Funds
66,548
871,356
38,963
-804,808
2.8
36.8
-34.0
Other Reportables
79,628
39,118
31
+40,510
3.4
1.7
1.7
Total reportable
2,170,147
2,178,482
-
-8,335
91.8
92.1
-0.4
Nonreportable
194,802
186,467
-
+8,335
8.2
7.9
0.4
Leveraged Funds: position against its own history
Weekly net, last 156 reports
Leveraged Funds net, contracts
-804,808
Week change
-89,079
4-week change
+19,535
13-week change
+94,357
Net as % of open interest
-34.0%
Percentile, 1 year (52 weeks)
60
Percentile, 3 years (156 weeks)
20
Z-score, 52 weeks
-0.09
COT Index, 3 years
29
52-week high of net
-588,999
52-week low of net
-938,774
Traders and concentration
Category
Traders long
Traders short
Dealer/Intermediary
4
15
Asset Manager/Institutional
91
42
Leveraged Funds
19
35
Other Reportables
7
7
Total reportable
159
154
Largest 4 traders, gross long
33.0%
Largest 4 traders, gross short
40.3%
Largest 8 traders, gross long
44.6%
Largest 8 traders, gross short
53.0%
Largest 4 traders, net long
29.1%
Largest 4 traders, net short
40.3%
Largest 8 traders, net long
38.7%
Largest 8 traders, net short
48.5%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
17,625
110,993
2,823
-93,368
0.7
4.7
-3.9
Asset Manager/Institutional
1,558,227
713,808
406,813
+844,419
65.6
30.0
35.5
Leveraged Funds
68,722
867,738
47,463
-799,016
2.9
36.5
-33.6
Other Reportables
79,628
39,118
31
+40,510
3.3
1.6
1.7
Total reportable
2,181,332
2,188,787
-
-7,455
91.8
92.1
-0.3
Nonreportable
195,817
188,362
-
+7,455
8.2
7.9
0.3
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Recent reports, net by category
Report date
Open interest
Dealer/Intermediary
Asset Manager/Institutional
Leveraged Funds
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
2,364,949
-93,420
+849,383
-804,808
+40,510
-8,335
+8,335
Tue 13 Oct 2026
2,397,995
-97,565
+776,492
-715,729
+29,834
-6,968
+6,968
Tue 6 Oct 2026
2,404,377
-88,755
+755,759
-726,257
+32,062
-27,191
+27,191
Tue 29 Sep 2026
2,507,580
-99,044
+833,212
-808,870
+39,678
-35,024
+35,024
Tue 22 Sep 2026
2,476,197
-173,707
+932,327
-824,343
+47,244
-18,479
+18,479
Tue 15 Sep 2026
2,470,471
-162,630
+906,879
-813,426
+46,168
-23,009
+23,009
Tue 8 Sep 2026
2,399,505
-211,330
+1,025,150
-864,271
+38,672
-11,779
+11,779
Tue 1 Sep 2026
2,398,572
-237,363
+1,021,079
-878,489
+43,230
-51,543
+51,543
Tue 25 Aug 2026
2,968,853
-241,827
+1,059,253
-848,988
+23,347
-8,215
+8,215
Tue 18 Aug 2026
2,493,394
-202,248
+1,068,845
-861,357
-1,848
+3,392
-3,392
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Traders in Financial Futures report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.