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10-Year T-Note
Leveraged funds are net short 2,205,937 contracts, 37.9% of open interest. That is the 17th percentile of its three-year range. The net position changed −66.2K contracts over the latest week.
Positions as of13 Oct 2026Updated 17 Oct 2026
01
Positioning history
The net position over time.
Positioning history10-Year T-Note: leveraged funds net position.Net contracts · Above zero: net long · Below zero: net short
2026-10-13Net short 2,205,937
02
Participant structure
Who carries the reported exposure.
ParticipantNet contractsRelative size
Asset managers+2.9M
Dealers−632.8K
Leveraged funds−2.2M
Non-reportables+45.5K
Other reportables−105.3K
CFTC participant categories vary by report family. The primary positioning series uses managed money for physical commodities and leveraged funds for financial futures.
03
Comparable states
What followed similar positioning.
| Positioning bucket | N | 4W positive | 8W positive | 12W positive | Avg 12W |
|---|---|---|---|---|---|
| z ≥ 2.0 (extreme long) | 37 | 43.2% | 48.6% | 32.4% | +0.65% |
| 1.5 ≤ z < 2.0 | 83 | 57.8% | 48.8% | 54.9% | -0.28% |
| 1.0 ≤ z < 1.5 | 84 | 53.6% | 51.8% | 60.2% | -0.57% |
| neutral (−1.0 < z < 1.0) | 316 | 54.4% | 55.7% | 53.9% | -0.06% |
| −1.5 < z ≤ −1.0 | 129 | 53.5% | 47.3% | 44.2% | -0.10% |
| −2.0 < z ≤ −1.5 | 76 | 42.1% | 39.5% | 40.8% | -0.74% |
| z ≤ −2.0 (extreme short) | 68 | 44.1% | 52.9% | 44.1% | -0.96% |
Overlapping historical observations. Periods and sample sizes are shown so the comparison can be read in context.