UST 5Y NOTE COT Report, Traders in Financial Futures
Wednesday, October 28, 2026
Leveraged Funds net -2,117,544 contracts in UST 5Y 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 5Y NOTE - CHICAGO BOARD OF TRADE
CFTC contract code
044601
Contract unit
Contracts Of $100,000 Face Value
Open interest, contracts
6,715,851
Change in open interest, contracts
-158,353
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
89,747
940,217
15,141
-850,470
1.3
14.0
-12.7
Asset Manager/Institutional
4,252,156
1,324,104
1,003,469
+2,928,052
63.3
19.7
43.6
Leveraged Funds
442,604
2,560,148
256,317
-2,117,544
6.6
38.1
-31.5
Other Reportables
240,625
235,783
2,466
+4,842
3.6
3.5
0.1
Total reportable
6,302,525
6,337,645
-
-35,120
93.8
94.4
-0.5
Nonreportable
413,326
378,206
-
+35,120
6.2
5.6
0.5
Leveraged Funds: position against its own history
Weekly net, last 156 reports
Leveraged Funds net, contracts
-2,117,544
Week change
-13,153
4-week change
-259,482
13-week change
+13,884
Net as % of open interest
-31.5%
Percentile, 1 year (52 weeks)
85
Percentile, 3 years (156 weeks)
79
Z-score, 52 weeks
0.97
COT Index, 3 years
84
52-week high of net
-1,858,062
52-week low of net
-3,433,785
Traders and concentration
Category
Traders long
Traders short
Dealer/Intermediary
14
44
Asset Manager/Institutional
162
63
Leveraged Funds
63
88
Other Reportables
22
15
Total reportable
329
324
Largest 4 traders, gross long
31.8%
Largest 4 traders, gross short
17.5%
Largest 8 traders, gross long
40.0%
Largest 8 traders, gross short
27.7%
Largest 4 traders, net long
30.2%
Largest 4 traders, net short
16.8%
Largest 8 traders, net long
36.7%
Largest 8 traders, net short
25.4%
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
85,981
920,177
177,175
-834,196
1.2
12.7
-11.5
Asset Manager/Institutional
4,292,166
1,324,870
1,027,353
+2,967,296
59.2
18.3
40.9
Leveraged Funds
393,077
2,572,631
604,921
-2,179,554
5.4
35.5
-30.0
Other Reportables
244,035
236,467
2,466
+7,568
3.4
3.3
0.1
Total reportable
6,827,175
6,866,061
-
-38,886
94.1
94.6
-0.5
Nonreportable
428,034
389,148
-
+38,886
5.9
5.4
0.5
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
6,715,851
-850,470
+2,928,052
-2,117,544
+4,842
-35,120
+35,120
Tue 13 Oct 2026
6,874,204
-918,044
+2,984,952
-2,104,391
+8,498
-28,985
+28,985
Tue 6 Oct 2026
6,758,624
-835,892
+2,914,286
-2,127,567
+41,850
-7,323
+7,323
Tue 29 Sep 2026
6,789,241
-980,082
+2,851,679
-1,985,787
+73,377
-40,813
+40,813
Tue 22 Sep 2026
6,599,737
-933,316
+2,716,937
-1,858,062
+33,610
-40,831
+40,831
Tue 15 Sep 2026
6,364,260
-855,342
+2,788,449
-1,986,928
+20,835
-32,986
+32,986
Tue 8 Sep 2026
6,309,810
-855,908
+2,847,361
-2,066,289
+23,122
-51,714
+51,714
Tue 1 Sep 2026
6,339,584
-814,435
+2,928,019
-2,202,688
+21,591
-67,513
+67,513
Tue 25 Aug 2026
7,012,385
-929,025
+2,914,481
-2,111,810
+13,560
-112,794
+112,794
Tue 18 Aug 2026
6,604,060
-829,053
+2,927,114
-2,169,814
+43,235
-28,518
+28,518
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.