UST 2Y NOTE COT Report, Traders in Financial Futures
Wednesday, October 28, 2026
Leveraged Funds net -1,285,548 contracts in UST 2Y NOTE, 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
UST 2Y NOTE - CHICAGO BOARD OF TRADE
CFTC contract code
042601
Contract unit
Contracts Of $200,000 Face Value
Open interest, contracts
4,533,571
Change in open interest, contracts
-20,582
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
97,565
591,682
22,387
-494,117
2.2
13.1
-10.9
Asset Manager/Institutional
2,461,884
738,304
557,085
+1,723,580
54.3
16.3
38.0
Leveraged Funds
771,136
2,056,684
125,119
-1,285,548
17.0
45.4
-28.4
Other Reportables
292,823
277,866
124
+14,957
6.5
6.1
0.3
Total reportable
4,328,123
4,369,251
-
-41,128
95.5
96.4
-0.9
Nonreportable
205,448
164,320
-
+41,128
4.5
3.6
0.9
Leveraged Funds: position against its own history
Weekly net, last 156 reports
Leveraged Funds net, contracts
-1,285,548
Week change
+81,860
4-week change
+65,192
13-week change
+309,580
Net as % of open interest
-28.4%
Percentile, 1 year (52 weeks)
90
Percentile, 3 years (156 weeks)
96
Z-score, 52 weeks
1.59
COT Index, 3 years
92
52-week high of net
-1,165,980
52-week low of net
-2,299,260
Traders and concentration
Category
Traders long
Traders short
Dealer/Intermediary
25
47
Asset Manager/Institutional
158
59
Leveraged Funds
66
89
Other Reportables
26
24
Total reportable
329
338
Largest 4 traders, gross long
24.3%
Largest 4 traders, gross short
20.8%
Largest 8 traders, gross long
33.5%
Largest 8 traders, gross short
32.0%
Largest 4 traders, net long
20.8%
Largest 4 traders, net short
20.7%
Largest 8 traders, net long
28.2%
Largest 8 traders, net short
30.7%
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
93,747
586,841
72,236
-493,094
2.0
12.4
-10.4
Asset Manager/Institutional
2,464,485
738,473
570,711
+1,726,012
52.1
15.6
36.5
Leveraged Funds
762,933
2,053,645
259,769
-1,290,712
16.1
43.4
-27.3
Other Reportables
293,416
277,817
612
+15,599
6.2
5.9
0.3
Total reportable
4,517,909
4,560,104
-
-42,195
95.6
96.5
-0.9
Nonreportable
209,895
167,700
-
+42,195
4.4
3.5
0.9
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
4,533,571
-494,117
+1,723,580
-1,285,548
+14,957
-41,128
+41,128
Tue 13 Oct 2026
4,554,153
-481,721
+1,795,866
-1,367,408
+18,092
-35,171
+35,171
Tue 6 Oct 2026
4,485,811
-508,451
+1,679,087
-1,257,484
+43,797
-43,051
+43,051
Tue 29 Sep 2026
4,530,145
-591,496
+1,638,478
-1,165,980
+78,991
-40,007
+40,007
Tue 22 Sep 2026
4,539,374
-523,460
+1,770,085
-1,350,740
+58,937
-45,178
+45,178
Tue 15 Sep 2026
4,433,736
-536,280
+1,732,731
-1,294,575
+50,721
-47,403
+47,403
Tue 8 Sep 2026
4,346,314
-443,848
+1,621,223
-1,290,479
+65,572
-47,532
+47,532
Tue 1 Sep 2026
4,348,838
-434,362
+1,596,436
-1,268,034
+57,542
-48,418
+48,418
Tue 25 Aug 2026
4,678,195
-451,596
+1,608,856
-1,232,753
+78,921
+3,428
-3,428
Tue 18 Aug 2026
4,432,451
-503,496
+1,620,425
-1,243,004
+87,054
-39,021
+39,021
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.