ULTRA UST BOND COT report
ULTRA UST BOND - CHICAGO BOARD OF TRADE positioning from the CFTC Legacy report. Net positions equal long contracts minus short contracts. Commercial, non-commercial and non-reportable classifications describe participants; they are not buy or sell signals.
Positions as of 2026-10-27. Open interest: 2347429 contracts. This is the latest stored observation, not live trading data.
How are traders positioned?
| Category | Long | Short | Net contracts |
|---|---|---|---|
| Non-commercial | 130487 | 514065 | -383578 |
| Commercial | 1980898 | 1616575 | 364323 |
| Non-reportable | 203539 | 184284 | 19255 |
Non-commercial percentile: 2 across 103 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.
Position history in contracts
| Observation date | Non-commercial net |
|---|---|
| 2026-10-27 | -383578 |
| 2026-10-20 | -375161 |
| 2026-10-13 | -321597 |
| 2026-10-06 | -276339 |
| 2026-09-29 | -326436 |
| 2026-09-22 | -336725 |
| 2026-09-15 | -345203 |
| 2026-09-08 | -345140 |
| 2026-09-01 | -369311 |
| 2026-08-25 | -406045 |
| 2026-08-18 | -346724 |
| 2026-08-11 | -326783 |
| 2026-08-04 | -314985 |
| 2026-07-28 | -320708 |
| 2026-07-21 | -321350 |
| 2026-07-14 | -324407 |
| 2026-07-07 | -307819 |
| 2026-06-30 | -286669 |
| 2026-06-23 | -318100 |
| 2026-06-16 | -321827 |
| 2026-06-09 | -318731 |
| 2026-06-02 | -287710 |
| 2026-05-26 | -259842 |
| 2026-05-19 | -254464 |
| 2026-05-12 | -238994 |
| 2026-05-05 | -259435 |
| 2026-04-28 | -294285 |
| 2026-04-21 | -300287 |
| 2026-04-14 | -300823 |
| 2026-04-07 | -260383 |
| 2026-03-31 | -268129 |
| 2026-03-24 | -279187 |
| 2026-03-17 | -271137 |
| 2026-03-10 | -290102 |
| 2026-03-03 | -255694 |
| 2026-02-24 | -280487 |
| 2026-02-17 | -275188 |
| 2026-02-10 | -270546 |
| 2026-02-03 | -269089 |
| 2026-01-27 | -273471 |
| 2026-01-20 | -258822 |
| 2026-01-13 | -235097 |
| 2026-01-06 | -245747 |
| 2025-12-30 | -255139 |
| 2025-12-23 | -232146 |
| 2025-12-16 | -250309 |
| 2025-12-09 | -235983 |
| 2025-12-02 | -265880 |
| 2025-11-25 | -283658 |
| 2025-11-18 | -285683 |
| 2025-11-10 | -317901 |
| 2025-11-04 | -300547 |
| 2025-10-28 | -297053 |
| 2025-10-21 | -299110 |
| 2025-10-14 | -296811 |
| 2025-10-07 | -266858 |
| 2025-09-30 | -259449 |
| 2025-09-23 | -270759 |
| 2025-09-16 | -278167 |
| 2025-09-09 | -265481 |
| 2025-09-02 | -263219 |
| 2025-08-26 | -248945 |
| 2025-08-19 | -242162 |
| 2025-08-12 | -209132 |
| 2025-08-05 | -228367 |
| 2025-07-29 | -216813 |
| 2025-07-22 | -232343 |
| 2025-07-15 | -228618 |
| 2025-07-08 | -222824 |
| 2025-07-01 | -226962 |
| 2025-06-24 | -209526 |
| 2025-06-17 | -189714 |
| 2025-06-10 | -203747 |
| 2025-06-03 | -228443 |
| 2025-05-27 | -233472 |
| 2025-05-20 | -246135 |
| 2025-05-13 | -261222 |
| 2025-05-06 | -264775 |
| 2025-04-29 | -251394 |
| 2025-04-22 | -247602 |
| 2025-04-15 | -220057 |
| 2025-04-08 | -200310 |
| 2025-04-01 | -254029 |
| 2025-03-25 | -232366 |
| 2025-03-18 | -247158 |
| 2025-03-11 | -251394 |
| 2025-03-04 | -231904 |
| 2025-02-25 | -227735 |
| 2025-02-18 | -246242 |
| 2025-02-11 | -239941 |
| 2025-02-04 | -243616 |
| 2025-01-28 | -241592 |
| 2025-01-21 | -229988 |
| 2025-01-14 | -242422 |
| 2025-01-07 | -247388 |
| 2024-12-31 | -238742 |
| 2024-12-24 | -204292 |
| 2024-12-17 | -219304 |
| 2024-12-10 | -216372 |
| 2024-12-03 | -214352 |
| 2024-11-26 | -194686 |
| 2024-11-19 | -225304 |
| 2024-11-12 | -241284 |
Historical AI commentary — 2026-07-07
This commentary is dated separately from the positioning table. It may describe an earlier market environment.
30Y Treasury positioning is at a historic extreme with Asset Managers at their maximum long position (100th percentile) and Dealers at their minimum (0th percentile). This extreme crowding suggests the market is heavily betting on lower yields, but the recent velocity shows this bet is still building, not reversing, meaning the trend could continue before any potential snapback.
How should this COT report be used?
Use positioning to understand exposure and crowded trades alongside price, liquidity and risk controls. Weekly reports generally describe Tuesday positions released on Friday, subject to the CFTC schedule. Classifications differ in TFF and Disaggregated reports. Compare like-for-like formats and dates.
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