Ultra T-Bond 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 321,350 Ultra T-Bond futures contracts (up 3,057 week-over-week), commercials are net long 293,470, and open interest is 2,446,567 contracts.

-321,350
Large speculators net
293,470
Commercials net
50.6
COT index (3-year)
2,446,567
Open interest

Positioning — week of 2026-07-21

Trader categoryNet positionWeekly change% of open interestCOT index 26wCOT index 52wCOT index 3y
Large speculators-321,350+3,057-13.1%3.62.750.6
Commercials293,470+10,20012.0%65.878.154.5
Small traders27,880-13,2571.1%74.973.043.8

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 2010

-300k-200k-100k0100k200k300k2025-072025-092025-112025-122026-022026-032026-052026-07Large speculatorsCommercials
-400k-200k0200k400k2021-082022-042023-012023-092024-062025-022025-112026-07Large speculatorsCommercials
-400k-200k0200k400k2010-032012-072014-112017-032019-072021-112024-032026-07Large speculatorsCommercials

Traders in Financial Futures breakdown — week of 2026-07-21

CategoryNet positionWeekly change
Dealer/intermediary-233,923-2,377
Asset manager1,113,222+5,977
Leveraged funds-899,165+11,287
Other reportables-8,014-1,630
Small traders27,880-13,257

Recent history

Report dateOpen interestLarge spec netΔCommercial netΔSmall trader net
2026-07-212,446,567-321,350+3,057293,470+10,20027,880
2026-07-142,457,402-324,407-16,588283,270+7,77941,137
2026-07-072,436,549-307,819-21,150275,491+30,87732,328
2026-06-302,456,625-286,669+31,431244,614-49,57942,055
2026-06-232,479,290-318,100+3,727294,193-19,54023,907
2026-06-162,472,776-321,827-3,096313,733-6,5028,094
2026-06-092,399,575-318,731-31,021320,235+24,231-1,504
2026-06-022,354,254-287,710-27,868296,004+24,050-8,294
2026-05-262,533,780-259,842-5,378271,954+7,808-12,112
2026-05-192,534,806-254,464-15,470264,146+10,772-9,682
2026-05-122,354,986-238,994+20,441253,374-15,512-14,380
2026-05-052,300,078-259,435+34,850268,886-19,091-9,451
2026-04-282,310,976-294,285+6,002287,977-9,2726,308
2026-04-212,274,864-300,287+536297,249+1,3753,038
2026-04-142,279,418-300,823-40,440295,874+34,4814,949
2026-04-072,261,977-260,383+7,746261,393+9,692-1,010
2026-03-312,230,822-268,129+11,058251,701-5,91916,428
2026-03-242,223,075-279,187-8,050257,620-11,74121,567
2026-03-172,232,309-271,137+18,965269,361-3,8251,776
2026-03-102,281,019-290,102-34,408273,186+31,22116,916
2026-03-032,227,907-255,694+24,793241,965-25,58013,729
2026-02-242,541,774-280,487-5,299267,545+13,92112,942
2026-02-172,256,084-275,188-4,642253,624-16,75521,564
2026-02-102,196,374-270,546-1,457270,379+2,364167
2026-02-032,188,411-269,089+4,382268,015+1,0351,074
2026-01-272,165,239-273,471-14,649266,980+13,7116,491

Full history, no login: CSV (2010-03-02 → 2026-07-21) · JSON

Contract facts

(CONTRACTS OF $100,000 FACE VALUE)
Contract unit (CFTC)
UB
Ticker
CBOT
Exchange
020604
CFTC contract code

FAQ

Are large speculators long or short Ultra T-Bond futures?
As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net short 321,350 contracts in Ultra T-Bond futures.
How current is this Ultra T-Bond 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 Ultra T-Bond COT history?
The full weekly series (2010-03-02 to 2026-07-21) is free at /data/cot/ultra-treasury-bond.csv — no login, no cap.
All COT markets Interest Rates - U.S. Treasury Ultra T-Bond CSV Ultra UST 10Y COT 2-Year T-Note COT 5-Year T-Note COT 10-Year T-Note COT 30-Year T-Bond COT

Source: CFTC Commitments of Traders, legacy futures-only report, contract code 020604. Dataset coverage 2010-03-02 → 2026-07-21. Methodology.