10-Year Treasury Note COT Report

The Commitment of Traders (COT) report shows how the largest traders are positioned in 10-Year Treasury Note futures each week. The CFTC splits open interest into speculators (managed money) and commercial hedgers, so you can see who is leaning which way. Tracking when 10-Year Treasury Note speculative positioning reaches an extreme, and how speculators line up against commercials, is one of the most widely followed sentiment tools in futures.

What drives 10-Year Treasury Note positioning

In interest-rate futures, dealers and real-money accounts manage duration while speculators express macro rate views, so 10-Year Treasury Note positioning is a key gauge of rate sentiment. The 10-year note is the benchmark duration market, driven by the Fed path, inflation, growth and term premium. Asset managers and leveraged funds sit on opposite sides through the cash-futures basis trade.

How to read the 10-Year Treasury Note COT report

For 10-Year Treasury Note, the 52-week z-score shows how far positioning sits from its one-year norm across dealers, asset managers and leveraged funds: high positive is crowded long, deeply negative crowded short. Use the positioning regime to tell a trending rate move from a stretched one. Read 10-year positioning by trader type, because the asset-manager-long versus leveraged-fund-short basis trade can make the headline net figure misleading. New to this? Start with how to read the COT report.

COTInsight scores 10-Year Treasury Note on nine analytical layers every week, the moment the CFTC data lands: the 52-week z-score, the 3-year COT Index, regime classification, price-versus-positioning divergence, open-interest trend and more, with up to ten years of history so you can see how today compares to every prior extreme.

10-Year Treasury Note COT report FAQ

Which CFTC report covers 10-Year Treasury Note?

10-Year Treasury Note positioning comes from the CFTC Traders in Financial Futures (TFF) report, which splits 10-Year Treasury Note positioning into Dealer/Intermediary, Asset Manager, Leveraged Funds and Other Reportables. COTInsight reads it directly from the CFTC every week.

When is the 10-Year Treasury Note COT report updated?

The CFTC releases the Commitments of Traders report every Friday at 3:30pm ET, reflecting positions as of the prior Tuesday. COTInsight recomputes the 10-Year Treasury Note z-score, COT Index and regime the moment the data lands.

Is 10-Year Treasury Note COT positioning bullish or bearish right now?

The COT report is a positioning and sentiment gauge, not a direct buy or sell signal: it shows whether speculators are crowded long or short in 10-Year Treasury Note. COTInsight scores this week's 10-Year Treasury Note reading on a 52-week z-score, a 3-year COT Index and a positioning regime. Start a free 7-day trial to see the current reading.

Learn more

• How to read the COT report
• COT z-score explained
• COT regime detection
• All COT market pages