Ultra 10-year Treasury note COT report: hedge fund and commercial positioning
Ultra 10-year US Treasury note futures on the CBOT.
Data updated November 3, 2026 (positions as of Tuesday)
This week · report of November 3, 2026
Leveraged funds (hedge funds and CTAs) is net short 258,101 contracts of Ultra 10-year Treasury note futures.
10.0% of open interest · +156 on the week · +60,960 in four weeks
Long-leaning: COT index 71 of 100 over 52 weeks, 48 over three years (ring).
- Asset managers
Net long 715,229
Pension funds, insurers and mutual funds. 52-week index 68.
- Dealers
Net short 315,698
Banks and market makers. 52-week index 14.
- Open interest
2,571,983 contracts
Leveraged funds (hedge funds and CTAs) held a net short position of 258,101 contracts in Ultra 10-year Treasury note (10.0% of open interest), in the upper part of its one-year range.
Asset managers (pension funds, insurers, mutual funds) held a net long position of 715,229 contracts in Ultra 10-year Treasury note (27.8% of open interest), in the upper part of its one-year range.
Dealers (banks and market makers) held a net short position of 315,698 contracts in Ultra 10-year Treasury note (12.3% of open interest), in the lower part of its one-year range.
All three groups this week
Leveraged funds
Hedge funds and CTAs
Net short 258,101
contracts, 10.0% of open interest · +156 on the week
Asset managers
Pension funds, insurers, mutual funds
Net long 715,229
contracts, 27.8% of open interest · +13,274 on the week
Dealers
Banks and market makers
Net short 315,698
contracts, 12.3% of open interest · −12,693 on the week
| Group | Net contracts | % of OI | 1 week | 4 weeks | Index 52W | Index 3Y |
|---|---|---|---|---|---|---|
| Leveraged funds | -258,101 | -10.0% | 156 | 60,960 | 71 | 48 |
| Asset managers | 715,229 | 27.8% | 13,274 | -65,503 | 68 | 87 |
| Dealers | -315,698 | -12.3% | -12,693 | 28,686 | 14 | 9 |
Open interest 2,571,983 contracts. Report of November 3, 2026 (Traders in Financial Futures, futures only).
Net positions, three years
Questions
Are hedge funds long or short Ultra 10-year Treasury note?
Leveraged funds (hedge funds and CTAs) held a net short position of 258,101 contracts in Ultra 10-year Treasury note (10.0% of open interest), in the upper part of its one-year range. Report of November 3, 2026.
What is the COT report?
The Commitments of Traders is a weekly CFTC report of open positions in US futures markets, split by type of trader. It reflects positions as of Tuesday and is published on Friday afternoon. Commodity markets use the Disaggregated report (producers, swap dealers, managed money); financial futures use the Traders in Financial Futures report (dealers, asset managers, leveraged funds).
What is the COT index?
It places the latest net position between the lowest (0) and highest (100) of a look-back window, here 52 weeks and 3 years. Readings near 0 or 100 mean the group is at an extreme of its recent range; they describe positioning and do not predict prices on their own.
Related
- 2-year Treasury note COT reportInterest rates
- 5-year Treasury note COT reportInterest rates
- 10-year Treasury note COT reportInterest rates
- Treasury bond COT reportInterest rates
- Ultra Treasury bond COT reportInterest rates
- 30-day Fed funds COT reportInterest rates
- All COT reports52 markets
- How to read the COT reportGuide
Source: CFTC Commitments of Traders (Traders in Financial Futures, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.