Are large speculators long or short 5-Year T-Note futures?

As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 1,074,109 contracts in 5-Year T-Note futures.

What is the leveraged funds position in 5-Year T-Note futures?

As of the 2026-10-20 COT report, leveraged funds traders are net short 2,117,544 contracts (442,604 long, 2,560,148 short) in 5-Year T-Note futures. The week-by-week table on this page lists the last 26 reports.

How current is this 5-Year T-Note COT data?

The latest report is dated 2026-10-20 (positions as of that Tuesday's close), published by the CFTC on 2026-10-23. This page updates within minutes of each weekly release.

Where can I download 5-Year T-Note COT history?

The full weekly series (1988-05-31 to 2026-10-20) is free at /data/cot/5-year-treasury.csv - no login, no cap.

5-Year T-Note COT Report

CFTC Commitments of Traders · positions as of Tuesday 2026-10-20, released Oct 23, 2026 (the CFTC reports each Tuesday's close three days later) · next release Oct 30, 2026 (regular cycle; see the release schedule for holiday shifts)

Bearish lean38/100

5-Year T-Note positioning leans bearish - commercials selling (26w index 33), speculators crowded long (3y index 89).

How this read is built

Commercials (hedgers) are net long and sit in the middle of their 26-week range (COT index 33) - a bearish tilt in the traditional read.
Large speculators are net short near the top of their 3-year range (index 89) - a crowded long, which historically leans bearish for the setup.

A description of how traders are positioned versus their own history - the standard Commitments of Traders interpretation, computed identically for every market. It is not a price forecast, a trading signal, or advice. How traders use positioning · how the read is computed.

As of the Oct 20, 2026 COT report, large speculators are net short 1,074,109 5-Year T-Note futures contracts (up 6,095 week-over-week), commercials are net long 1,038,989, and open interest is 6,715,851 contracts. Leveraged funds were net short 2,117,544 contracts as of Oct 20, 2026 (down 13,153 week-over-week), holding 442,604 long and 2,560,148 short.

-1,074,109

Large speculators net · 52w

1,038,989

Commercials net

89.3

COT index (3-year)

6,715,851

Open interest

Cite this data

FuturesBench, "5-Year T-Note COT Report," data as of 2026-10-20.
https://futuresbench.com/cot/5-year-treasury/#net-position
Source: CFTC Commitments of Traders (public domain).
CSV: https://futuresbench.com/data/cot/5-year-treasury.csv

Net positions since 19881Y5YMax

Embed this chart

<iframe src="https://futuresbench.com/embed/cot/5-year-treasury/" width="100%" height="560" frameborder="0" loading="lazy" title="5-Year T-Note COT Report chart - FuturesBench"></iframe>

Positioning - as of Tuesday 2026-10-20

Trader category	Net position	Weekly change	% of open interest	COT index 26w	COT index 52w	COT index 3y
Large speculators	-1,074,109	+6,095	-16.0%	69.8	87.9	89.3
Commercials	1,038,989	-12,230	15.5%	33.3	13.6	12.1
Small traders	35,120	+6,135	0.5%	46.5	25.6	23.8

Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.

Traders in Financial Futures report - positions as of Tue 2026-10-20

Trader category	Net position	Weekly change	% of open interest	COT index 26w	COT index 52w	COT index 3y
Dealer/intermediary	-850,470	+67,574	-12.7%	27.6	27.0	23.5
Asset manager	2,928,052	-56,900	43.6%	81.9	22.1	59.0
Leveraged funds	-2,117,544	-13,153	-31.5%	56.2	83.5	83.7
Other reportables	4,842	-3,656	0.1%	4.4	2.9	1.2
Small traders	35,120	+6,135	0.5%	46.5	25.6	23.8

Full Traders in Financial Futures report history: CSV · switch the chart above to this report family for the full series.

5-Year T-Note leveraged funds positions, week by week

Leveraged funds long, short and net position in 5-Year T-Note futures for the last 26 weekly COT reports (positions as of each Tuesday), from the CFTC Traders in Financial Futures futures-only report. Short = long minus net; spread positions are excluded from both.

Report date	Leveraged funds long	Leveraged funds short	Leveraged funds net	Weekly change	Asset managers net	Dealers net
Oct 20, 2026	442,604	2,560,148	-2,117,544	-13,153	2,928,052	-850,470
Oct 13, 2026	533,600	2,637,991	-2,104,391	+23,176	2,984,952	-918,044
Oct 6, 2026	541,071	2,668,638	-2,127,567	-141,780	2,914,286	-835,892
Sep 29, 2026	662,168	2,647,955	-1,985,787	-127,725	2,851,679	-980,082
Sep 22, 2026	649,403	2,507,465	-1,858,062	+128,866	2,716,937	-933,316
Sep 15, 2026	537,093	2,524,021	-1,986,928	+79,361	2,788,449	-855,342
Sep 8, 2026	492,845	2,559,134	-2,066,289	+136,399	2,847,361	-855,908
Sep 1, 2026	423,855	2,626,543	-2,202,688	-90,878	2,928,019	-814,435
Aug 25, 2026	509,359	2,621,169	-2,111,810	+58,004	2,914,481	-929,025
Aug 18, 2026	379,397	2,549,211	-2,169,814	-22,070	2,927,114	-829,053
Aug 11, 2026	410,975	2,558,719	-2,147,744	+63,695	2,883,977	-819,024
Aug 4, 2026	355,222	2,566,661	-2,211,439	-102,801	2,963,254	-817,171
Jul 28, 2026	426,056	2,534,694	-2,108,638	+22,790	2,896,249	-815,799
Jul 21, 2026	376,886	2,508,314	-2,131,428	+25,322	2,850,125	-747,027
Jul 14, 2026	387,093	2,543,843	-2,156,750	+18,112	2,894,918	-773,419
Jul 7, 2026	434,606	2,609,468	-2,174,862	-28,572	2,968,222	-848,301
Jun 30, 2026	545,213	2,691,503	-2,146,290	+19,283	2,930,870	-832,074
Jun 23, 2026	485,938	2,651,511	-2,165,573	+49,037	2,909,369	-790,854
Jun 16, 2026	480,519	2,695,129	-2,214,610	+15,746	2,876,022	-713,763
Jun 9, 2026	418,131	2,648,487	-2,230,356	+27,239	2,930,024	-704,901
Jun 2, 2026	442,026	2,699,621	-2,257,595	-186,242	2,897,904	-686,276
May 26, 2026	454,592	2,525,945	-2,071,353	+235,094	2,707,827	-696,456
May 19, 2026	546,941	2,853,388	-2,306,447	+42,758	2,872,452	-567,066
May 12, 2026	505,892	2,855,097	-2,349,205	+101,636	2,714,382	-549,334
May 5, 2026	413,226	2,864,067	-2,450,841	-42,469	2,745,860	-510,801
Apr 28, 2026	447,149	2,855,521	-2,408,372	+214	2,669,976	-548,197

Every week back to 2006: 5-Year T-Note TFF CSV.

Recent history

Report date	Open interest	Large spec net	Δ	Commercial net	Δ	Small trader net
2026-10-20	6,715,851	-1,074,109	+6,095	1,038,989	-12,230	35,120
2026-10-13	6,874,204	-1,080,204	+83,327	1,051,219	-104,989	28,985
2026-10-06	6,758,624	-1,163,531	-167,830	1,156,208	+201,320	7,323
2026-09-29	6,789,241	-995,701	-114,848	954,888	+114,866	40,813
2026-09-22	6,599,737	-880,853	+116,513	840,022	-124,358	40,831
2026-09-15	6,364,260	-997,366	+270,127	964,380	-251,399	32,986
2026-09-08	6,309,810	-1,267,493	+113,020	1,215,779	-97,221	51,714
2026-09-01	6,339,584	-1,380,513	-121,452	1,313,000	+166,733	67,513
2026-08-25	7,012,385	-1,259,061	+15,044	1,146,267	-99,320	112,794
2026-08-18	6,604,060	-1,274,105	-33,349	1,245,587	+27,264	28,518
2026-08-11	6,442,950	-1,240,756	+84,963	1,218,323	-87,703	22,433
2026-08-04	6,380,428	-1,325,719	-179,319	1,306,026	+170,849	19,693
2026-07-28	6,193,040	-1,146,400	+126,929	1,135,177	-133,317	11,223
2026-07-21	6,153,513	-1,273,329	+20,954	1,268,494	-10,340	4,835
2026-07-14	6,180,967	-1,294,283	+64,833	1,278,834	-51,673	15,449
2026-07-07	6,215,683	-1,359,116	-38,606	1,330,507	+50,528	28,609
2026-06-30	6,267,012	-1,320,510	-19,241	1,279,979	+29,276	40,531
2026-06-23	6,212,973	-1,301,269	+48,908	1,250,703	-45,515	50,566
2026-06-16	6,207,723	-1,350,177	-30,015	1,296,218	-20,862	53,959
2026-06-09	6,184,688	-1,320,162	+49,056	1,317,080	-34,194	3,082
2026-06-02	6,302,329	-1,369,218	-46,091	1,351,274	+92,429	17,944
2026-05-26	6,847,723	-1,323,127	+27,389	1,258,845	-124,036	64,282
2026-05-19	6,977,994	-1,350,516	+11,629	1,382,881	+84,163	-32,365
2026-05-12	6,769,315	-1,362,145	+59,154	1,298,718	-53,672	63,427
2026-05-05	6,620,931	-1,421,299	+100,106	1,352,390	-84,969	68,909
2026-04-28	6,484,836	-1,521,405	+11,345	1,437,359	-11,369	84,046

Full history, no login: CSV (1988-05-31 → 2026-10-20) · JSON

Contract facts

(CONTRACTS OF $100,000 FACE VALUE)

Contract unit (CFTC)

Ticker

CBOT

Exchange

044601

CFTC contract code

FAQ

Are large speculators long or short 5-Year T-Note futures?: As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 1,074,109 contracts in 5-Year T-Note futures.
What is the leveraged funds position in 5-Year T-Note futures?: As of the 2026-10-20 COT report, leveraged funds traders are net short 2,117,544 contracts (442,604 long, 2,560,148 short) in 5-Year T-Note futures. The week-by-week table on this page lists the last 26 reports.
How current is this 5-Year T-Note COT data?: The latest report is dated 2026-10-20 (positions as of that Tuesday's close), published by the CFTC on 2026-10-23. This page updates within minutes of each weekly release.
Where can I download 5-Year T-Note COT history?: The full weekly series (1988-05-31 to 2026-10-20) is free at /data/cot/5-year-treasury.csv - no login, no cap.

Learn: how to read this report · commercials vs non-commercials · glossary

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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 044601. Dataset coverage 1988-05-31 → 2026-10-20. Methodology.