COT Terminal

UST 2Y note (CBOT)

2-Year Treasury positioning

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Price series: 2Y note futures (front month) · positions as of Tuesday Nov 3, 2026, published Friday Nov 6, 2026

Last weekly close · 2Y note futures (front month)
102.48
Asset managers net position (contracts)
1,876,612

This week · published Nov 6, 2026

2-Year Treasury, week of Nov 3, 2026: Leveraged funds sit at the 81st percentile of their 3-year range — near the most bullish of the past 3 years. They cut 93,234 net long contracts on the week. 8-week signal: no signal.

OverviewCOT IndexGap IndexThis weekSignal log
No signalSep 8, 2026 → Nov 3, 2026 · 8-week window

Neither price nor positioning has moved enough this window to say anything.

Price vs positioning (contracts)

Price on top, and what the big traders were holding underneath it.

Trader groups on the chart — tap to show or hide

Left axis: net position in contracts. Right axis: price (2Y note futures (front month)). Net position = long contracts minus short contracts. Above the zero line = net long.

Heads up: leveraged-fund shorts in Treasury futures are largely the hedge leg of the cash-futures basis trade, not a directional bet against bonds. Read the level as crowded leverage, and use asset managers for a directional read. Why this matters →

Signal classification tracks bullish divergencebearish divergenceconvergence (healthy trend)

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Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.