Ultra T-Bond 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)
Ultra T-Bond positioning leans bullish - commercials buying (26w index 80), speculators crowded short (3y index 19).
How this read is built
- Commercials (hedgers) are net long and sit near the top of their 26-week range (COT index 80) - a bullish tilt in the traditional read.
- Large speculators are net short near the bottom of their 3-year range (index 19) - a crowded short, which historically leans bullish 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 COT report, large speculators are net short 375,161 Ultra T-Bond futures contracts (down 53,564 week-over-week), commercials are net long 366,826, and open interest is 2,364,949 contracts. Leveraged funds were net short 804,808 contracts as of (down 89,079 week-over-week), holding 66,548 long and 871,356 short.
Cite this data
FuturesBench, "Ultra T-Bond COT Report," data as of 2026-10-20. https://futuresbench.com/cot/ultra-treasury-bond/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/ultra-treasury-bond.csv
Embed this chart
<iframe src="https://futuresbench.com/embed/cot/ultra-treasury-bond/" width="100%" height="560" frameborder="0" loading="lazy" title="Ultra T-Bond 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 | -375,161 | -53,564 | -15.9% | 18.5 | 17.8 | 19.3 |
| Commercials | 366,826 | +52,197 | 15.5% | 79.8 | 83.5 | 84.8 |
| Small traders | 8,335 | +1,367 | 0.4% | 34.5 | 34.5 | 23.7 |
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 | -93,420 | +4,145 | -4.0% | 97.8 | 98.3 | 78.0 |
| Asset manager | 849,383 | +72,891 | 35.9% | 22.9 | 21.3 | 41.6 |
| Leveraged funds | -804,808 | -89,079 | -34.0% | 60.1 | 38.3 | 28.6 |
| Other reportables | 40,510 | +10,676 | 1.7% | 87.8 | 87.8 | 95.3 |
| Small traders | 8,335 | +1,367 | 0.4% | 34.5 | 34.5 | 23.7 |
Full Traders in Financial Futures report history: CSV · switch the chart above to this report family for the full series.
Ultra T-Bond leveraged funds positions, week by week
Leveraged funds long, short and net position in Ultra T-Bond 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 |
|---|---|---|---|---|---|---|
| 66,548 | 871,356 | -804,808 | -89,079 | 849,383 | -93,420 | |
| 60,314 | 776,043 | -715,729 | +10,528 | 776,492 | -97,565 | |
| 58,345 | 784,602 | -726,257 | +82,613 | 755,759 | -88,755 | |
| 85,388 | 894,258 | -808,870 | +15,473 | 833,212 | -99,044 | |
| 100,270 | 924,613 | -824,343 | -10,917 | 932,327 | -173,707 | |
| 94,497 | 907,923 | -813,426 | +50,845 | 906,879 | -162,630 | |
| 86,352 | 950,623 | -864,271 | +14,218 | 1,025,150 | -211,330 | |
| 72,958 | 951,447 | -878,489 | -29,501 | 1,021,079 | -237,363 | |
| 105,446 | 954,434 | -848,988 | +12,369 | 1,059,253 | -241,827 | |
| 92,327 | 953,684 | -861,357 | -7,960 | 1,068,845 | -202,248 | |
| 82,626 | 936,023 | -853,397 | -3,707 | 1,080,409 | -227,262 | |
| 87,654 | 937,344 | -849,690 | +12,948 | 1,060,834 | -220,029 | |
| 74,405 | 937,043 | -862,638 | +36,527 | 1,131,787 | -271,486 | |
| 62,668 | 961,833 | -899,165 | +11,287 | 1,113,222 | -233,923 | |
| 69,506 | 979,958 | -910,452 | +10,196 | 1,107,245 | -231,546 | |
| 62,296 | 982,944 | -920,648 | -10,746 | 1,139,221 | -246,971 | |
| 87,866 | 997,768 | -909,902 | +15,648 | 1,126,535 | -255,729 | |
| 69,911 | 995,461 | -925,550 | +13,224 | 1,155,082 | -259,085 | |
| 81,184 | 1,019,958 | -938,774 | -3,616 | 1,163,081 | -242,081 | |
| 67,230 | 1,002,388 | -935,158 | -25,761 | 1,139,250 | -213,303 | |
| 77,882 | 987,279 | -909,397 | -38,384 | 1,081,870 | -173,094 | |
| 83,709 | 954,722 | -871,013 | +15,050 | 1,066,258 | -192,010 | |
| 75,517 | 961,580 | -886,063 | -12,834 | 1,079,369 | -196,692 | |
| 77,037 | 950,266 | -873,229 | +2,354 | 1,145,367 | -268,638 | |
| 82,080 | 957,663 | -875,583 | +7,694 | 1,138,213 | -265,815 | |
| 76,253 | 959,530 | -883,277 | +10,075 | 1,165,356 | -299,942 |
Every week back to 2010: Ultra T-Bond TFF CSV.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-10-20 | 2,364,949 | -375,161 | -53,564 | 366,826 | +52,197 | 8,335 |
| 2026-10-13 | 2,397,995 | -321,597 | -45,258 | 314,629 | +65,481 | 6,968 |
| 2026-10-06 | 2,404,377 | -276,339 | +50,097 | 249,148 | -42,264 | 27,191 |
| 2026-09-29 | 2,507,580 | -326,436 | +10,289 | 291,412 | -26,834 | 35,024 |
| 2026-09-22 | 2,476,197 | -336,725 | +8,478 | 318,246 | -3,948 | 18,479 |
| 2026-09-15 | 2,470,471 | -345,203 | -63 | 322,194 | -11,167 | 23,009 |
| 2026-09-08 | 2,399,505 | -345,140 | +24,171 | 333,361 | +15,593 | 11,779 |
| 2026-09-01 | 2,398,572 | -369,311 | +36,734 | 317,768 | -80,062 | 51,543 |
| 2026-08-25 | 2,968,853 | -406,045 | -59,321 | 397,830 | +47,714 | 8,215 |
| 2026-08-18 | 2,493,394 | -346,724 | -19,941 | 350,116 | +24,857 | -3,392 |
| 2026-08-11 | 2,416,703 | -326,783 | -11,798 | 325,259 | +13,702 | 1,524 |
| 2026-08-04 | 2,436,891 | -314,985 | +5,723 | 311,557 | -246 | 3,428 |
| 2026-07-28 | 2,462,300 | -320,708 | +642 | 311,803 | +18,333 | 8,905 |
| 2026-07-21 | 2,446,567 | -321,350 | +3,057 | 293,470 | +10,200 | 27,880 |
| 2026-07-14 | 2,457,402 | -324,407 | -16,588 | 283,270 | +7,779 | 41,137 |
| 2026-07-07 | 2,436,549 | -307,819 | -21,150 | 275,491 | +30,877 | 32,328 |
| 2026-06-30 | 2,456,625 | -286,669 | +31,431 | 244,614 | -49,579 | 42,055 |
| 2026-06-23 | 2,479,290 | -318,100 | +3,727 | 294,193 | -19,540 | 23,907 |
| 2026-06-16 | 2,472,776 | -321,827 | -3,096 | 313,733 | -6,502 | 8,094 |
| 2026-06-09 | 2,399,575 | -318,731 | -31,021 | 320,235 | +24,231 | -1,504 |
| 2026-06-02 | 2,354,254 | -287,710 | -27,868 | 296,004 | +24,050 | -8,294 |
| 2026-05-26 | 2,533,780 | -259,842 | -5,378 | 271,954 | +7,808 | -12,112 |
| 2026-05-19 | 2,534,806 | -254,464 | -15,470 | 264,146 | +10,772 | -9,682 |
| 2026-05-12 | 2,354,986 | -238,994 | +20,441 | 253,374 | -15,512 | -14,380 |
| 2026-05-05 | 2,300,078 | -259,435 | +34,850 | 268,886 | -19,091 | -9,451 |
| 2026-04-28 | 2,310,976 | -294,285 | +6,002 | 287,977 | -9,272 | 6,308 |
Full history, no login: CSV (2010-03-02 → 2026-10-20) · JSON
Contract facts
FAQ
- Are large speculators long or short Ultra T-Bond futures?
- As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 375,161 contracts in Ultra T-Bond futures.
- What is the leveraged funds position in Ultra T-Bond futures?
- As of the 2026-10-20 COT report, leveraged funds traders are net short 804,808 contracts (66,548 long, 871,356 short) in Ultra T-Bond futures. The week-by-week table on this page lists the last 26 reports.
- How current is this Ultra T-Bond 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 Ultra T-Bond COT history?
- The full weekly series (2010-03-02 to 2026-10-20) is free at /data/cot/ultra-treasury-bond.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 020604. Dataset coverage 2010-03-02 → 2026-10-20. Methodology.