10-Year T-Note COT Report
CFTC Commitments of Traders · report date 2026-07-21 (released Jul 24, 2026) · next report expected Jul 31, 2026 (regular cycle; see the release schedule for holiday shifts)
As of the Jul 21, 2026 COT report, large speculators are net short 879,706 10-Year T-Note futures contracts (down 48,031 week-over-week), commercials are net long 890,118, and open interest is 5,272,703 contracts.
-879,706
Large speculators net
890,118
Commercials net
31.6
COT index (3-year)
5,272,703
Open interest
Positioning — week of 2026-07-21
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | -879,706 | -48,031 | -16.7% | 8.3 | 18.9 | 31.6 |
| Commercials | 890,118 | +86,529 | 16.9% | 99.7 | 99.7 | 85.9 |
| Small traders | -10,412 | -38,498 | -0.2% | 0.0 | 0.0 | 4.4 |
Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.
Net positions since 1986
Traders in Financial Futures breakdown — week of 2026-07-21
| Category | Net position | Weekly change |
|---|---|---|
| Dealer/intermediary | -516,588 | -23,553 |
| Asset manager | 2,537,186 | +24,755 |
| Leveraged funds | -2,064,805 | +14,848 |
| Other reportables | 54,619 | +22,448 |
| Small traders | -10,412 | -38,498 |
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-07-21 | 5,272,703 | -879,706 | -48,031 | 890,118 | +86,529 | -10,412 |
| 2026-07-14 | 5,284,601 | -831,675 | -17,413 | 803,589 | +10,318 | 28,086 |
| 2026-07-07 | 5,315,630 | -814,262 | -5,371 | 793,271 | +3,889 | 20,991 |
| 2026-06-30 | 5,248,455 | -808,891 | +26,375 | 789,382 | -36,812 | 19,509 |
| 2026-06-23 | 5,271,748 | -835,266 | +75,816 | 826,194 | -65,137 | 9,072 |
| 2026-06-16 | 5,324,590 | -911,082 | -47,275 | 891,331 | +26,636 | 19,751 |
| 2026-06-09 | 5,251,295 | -863,807 | -34,232 | 864,695 | +42,953 | -888 |
| 2026-06-02 | 5,323,279 | -829,575 | -41,621 | 821,742 | +325,557 | 7,833 |
| 2026-05-26 | 6,254,472 | -787,954 | +60,098 | 496,185 | -290,090 | 291,769 |
| 2026-05-19 | 5,833,268 | -848,052 | -66,885 | 786,275 | +52,532 | 61,777 |
| 2026-05-12 | 5,866,357 | -781,167 | +34,102 | 733,743 | -13,600 | 47,424 |
| 2026-05-05 | 5,369,025 | -815,269 | +23,868 | 747,343 | -577 | 67,926 |
| 2026-04-28 | 5,374,513 | -839,137 | -48,166 | 747,920 | +21,031 | 91,217 |
| 2026-04-21 | 5,213,875 | -790,971 | +9,394 | 726,889 | -31,068 | 64,082 |
| 2026-04-14 | 5,187,440 | -800,365 | +23,259 | 757,957 | -41,385 | 42,408 |
| 2026-04-07 | 5,123,122 | -823,624 | -39,561 | 799,342 | +51,017 | 24,282 |
| 2026-03-31 | 5,152,796 | -784,063 | -142,176 | 748,325 | +148,191 | 35,738 |
| 2026-03-24 | 5,163,104 | -641,887 | -44,009 | 600,134 | +49,347 | 41,753 |
| 2026-03-17 | 5,279,072 | -597,878 | -62,995 | 550,787 | +53,536 | 47,091 |
| 2026-03-10 | 5,324,068 | -534,883 | +119,624 | 497,251 | -123,054 | 37,632 |
| 2026-03-03 | 5,466,660 | -654,507 | +119,513 | 620,305 | -146,514 | 34,202 |
| 2026-02-24 | 5,968,025 | -774,020 | +103,833 | 766,819 | -40,142 | 7,201 |
| 2026-02-17 | 5,721,555 | -877,853 | -64,826 | 806,961 | +79,744 | 70,892 |
| 2026-02-10 | 5,500,736 | -813,027 | -83,613 | 727,217 | +62,227 | 85,810 |
| 2026-02-03 | 5,495,119 | -729,414 | -3,263 | 664,990 | +14,226 | 64,424 |
| 2026-01-27 | 5,690,843 | -726,151 | -70,511 | 650,764 | +77,668 | 75,387 |
Full history, no login: CSV (1986-01-15 → 2026-07-21) · JSON
Contract facts
(CONTRACTS OF $100,000 FACE VALUE)
Contract unit (CFTC)
ZN
Ticker
CBOT
Exchange
043602
CFTC contract code
FAQ
- Are large speculators long or short 10-Year T-Note futures?
- As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net short 879,706 contracts in 10-Year T-Note futures.
- How current is this 10-Year T-Note COT data?
- The latest report is dated 2026-07-21 (positions as of that Tuesday's close), published by the CFTC on 2026-07-24. This page updates within minutes of each weekly release.
- Where can I download 10-Year T-Note COT history?
- The full weekly series (1986-01-15 to 2026-07-21) is free at /data/cot/10-year-treasury.csv — no login, no cap.
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Interest Rates - U.S. Treasury
10-Year T-Note CSV
30-Year T-Bond COT
Ultra T-Bond COT
Ultra UST 10Y COT
2-Year T-Note COT
5-Year T-Note COT
Source: CFTC Commitments of Traders, legacy futures-only report, contract code 043602. Dataset coverage 1986-01-15 → 2026-07-21. Methodology.