5-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 1,273,329 5-Year T-Note futures contracts (up 20,954 week-over-week), commercials are net long 1,268,494, and open interest is 6,153,513 contracts.
-1,273,329
Large speculators net
1,268,494
Commercials net
84.0
COT index (3-year)
6,153,513
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 | -1,273,329 | +20,954 | -20.7% | 100.0 | 100.0 | 84.0 |
| Commercials | 1,268,494 | -10,340 | 20.6% | 2.3 | 1.4 | 23.8 |
| Small traders | 4,835 | -10,614 | 0.1% | 19.3 | 13.7 | 13.1 |
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 1988
Traders in Financial Futures breakdown — week of 2026-07-21
| Category | Net position | Weekly change |
|---|---|---|
| Dealer/intermediary | -747,027 | +26,392 |
| Asset manager | 2,850,125 | -44,793 |
| Leveraged funds | -2,131,428 | +25,322 |
| Other reportables | 23,495 | +3,693 |
| Small traders | 4,835 | -10,614 |
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 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 |
| 2026-04-21 | 6,497,190 | -1,532,750 | +92,995 | 1,448,728 | -106,556 | 84,022 |
| 2026-04-14 | 6,495,803 | -1,625,745 | -72,816 | 1,555,284 | +61,245 | 70,461 |
| 2026-04-07 | 6,445,179 | -1,552,929 | +33,911 | 1,494,039 | -33,501 | 58,890 |
| 2026-03-31 | 6,510,131 | -1,586,840 | -138,404 | 1,527,540 | +118,105 | 59,300 |
| 2026-03-24 | 6,569,294 | -1,448,436 | +325,016 | 1,409,435 | -265,664 | 39,001 |
| 2026-03-17 | 6,692,876 | -1,773,452 | +144,212 | 1,675,099 | -106,845 | 98,353 |
| 2026-03-10 | 6,756,942 | -1,917,664 | +173,130 | 1,781,944 | -160,998 | 135,720 |
| 2026-03-03 | 6,769,879 | -2,090,794 | -25,863 | 1,942,942 | +38,709 | 147,852 |
| 2026-02-24 | 7,376,192 | -2,064,931 | +92,311 | 1,904,233 | -115,371 | 160,698 |
| 2026-02-17 | 7,431,251 | -2,157,242 | -42,478 | 2,019,604 | +63,188 | 137,638 |
| 2026-02-10 | 6,991,253 | -2,114,764 | +44,216 | 1,956,416 | -74,542 | 158,348 |
| 2026-02-03 | 6,896,712 | -2,158,980 | -67,934 | 2,030,958 | +84,433 | 128,022 |
| 2026-01-27 | 6,777,146 | -2,091,046 | +45,473 | 1,946,525 | -43,972 | 144,521 |
Full history, no login: CSV (1988-05-31 → 2026-07-21) · JSON
Contract facts
(CONTRACTS OF $100,000 FACE VALUE)
Contract unit (CFTC)
ZF
Ticker
CBOT
Exchange
044601
CFTC contract code
FAQ
- Are large speculators long or short 5-Year T-Note futures?
- As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net short 1,273,329 contracts in 5-Year T-Note futures.
- How current is this 5-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 5-Year T-Note COT history?
- The full weekly series (1988-05-31 to 2026-07-21) is free at /data/cot/5-year-treasury.csv — no login, no cap.
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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 044601. Dataset coverage 1988-05-31 → 2026-07-21. Methodology.