5-Year T-Note COT Report
CFTC Commitments of Traders · positions as of Tuesday 2026-09-01, released Sep 4, 2026 (the CFTC reports each Tuesday's close three days later) · next release Sep 11, 2026 (regular cycle; see the release schedule for holiday shifts)
5-Year T-Note positioning leans bearish - commercials selling (26w index 28).
How this read is built
- Commercials (hedgers) are net long and sit near the bottom of their 26-week range (COT index 28) - a bearish tilt in the traditional read.
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 COT report, large speculators are net short 1,380,513 5-Year T-Note futures contracts (down 121,452 week-over-week), commercials are net long 1,313,000, and open interest is 6,339,584 contracts. Leveraged funds was net short 2,202,688 contracts as of (down 90,878 week-over-week).
Cite this data
FuturesBench, "5-Year T-Note COT Report," data as of 2026-09-01. 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
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 2026-09-01
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | -1,380,513 | -121,452 | -21.8% | 69.6 | 83.4 | 77.7 |
| Commercials | 1,313,000 | +166,733 | 20.7% | 27.5 | 15.1 | 24.0 |
| Small traders | 67,513 | -45,281 | 1.1% | 59.4 | 36.8 | 35.3 |
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 2026-09-01
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Dealer/intermediary | -814,435 | +114,590 | -12.8% | 26.7 | 26.7 | 29.8 |
| Asset manager | 2,928,019 | +13,538 | 46.2% | 49.0 | 22.1 | 59.3 |
| Leveraged funds | -2,202,688 | -90,878 | -34.7% | 87.1 | 90.6 | 69.9 |
| Other reportables | 21,591 | +8,031 | 0.3% | 8.3 | 8.3 | 3.4 |
| Small traders | 67,513 | -45,281 | 1.1% | 59.4 | 36.8 | 35.3 |
Full Traders in Financial Futures report history: CSV · switch the chart above to this report family for the full series.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Full history, no login: CSV (1988-05-31 → 2026-09-01) · JSON
Contract facts
FAQ
- Are large speculators long or short 5-Year T-Note futures?
- As of the 2026-09-01 COT report, large speculators (non-commercial traders) are net short 1,380,513 contracts in 5-Year T-Note futures.
- How current is this 5-Year T-Note COT data?
- The latest report is dated 2026-09-01 (positions as of that Tuesday's close), published by the CFTC on 2026-09-04. 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 2026-09-01) is free at /data/cot/5-year-treasury.csv - no login, no cap.
Learn: how to read this report · commercials vs non-commercials · glossary
Related markets
Source: CFTC Commitments of Traders, legacy futures-only report, contract code 044601. Dataset coverage 1988-05-31 → 2026-09-01. Methodology.