COT Reports / US Treasuries

US Treasuries
The COT Report for US Treasuries shows the positioning of major market participants (banks, funds, producers). Extreme positioning can indicate potential market trend reversals.

Understand how big banks, hedge funds, and commercials are positioning themselves in US Treasuries. Analyze institutional money flows to identify historical extremes and gain a deeper understanding of underlying market dynamics.

How to Read Treasury Data

The Inverse Relationship: It is crucial to remember that Treasury bond prices move inversely to yields! A massively bullish (net-long) positioning in bond futures implies that the market is expecting interest rates to fall.

The True "Smart Money": In the US Treasury market, large asset managers ("Commercials") often reflect long-term macroeconomic investment convictions, while leveraged funds ("Non-Commercials") are more likely to execute shorter-term arbitrage or speculative trades.

10-Year T-Note (ZN)

ZN

The 10-Year Treasury Note is the primary benchmark for global interest rates and mortgage pricing.

2-Year T-Note (ZT)

ZT

The 2-Year Treasury Note is highly sensitive to Federal Reserve rate decisions and near-term monetary policy expectations.

30-Year T-Bond (ZB)

ZB

The 30-Year T-Bond is the longest-duration standard Treasury, making it the most sensitive to inflation expectations and long-term interest rates.

5-Year T-Note (ZF)

ZF

The 5-Year Treasury Note sits at the yield curve's midpoint, balancing Fed policy sensitivity with longer-term economic growth expectations.

Ultra 10-Year T-Note (TN)

TN

The Ultra 10-Year is an amplified version of the standard 10-Year (ZN) – same maturity point on the yield curve, but with higher duration, meaning price swings are larger for the same interest rate move.

Ultra T-Bond (UD)

UD

The Ultra T-Bond is an amplified version of the standard 30-Year (ZB) – it has the longest duration of all Treasury futures, so even small rate changes cause outsized price reactions. Used by institutions for aggressive rate bets.

Latest Treasury & Bond News

Gold Mini (GM) Aug 07, 2026 Positive

Gold, silver rally as weak payrolls cut Fed hike pressure - Kitco PM Report

Spot gold and silver prices rallied after the North American equities close Friday, as a negative July payrolls print pulled Treasury yields lower, softened the U.S. dollar and eased pressure on th...

Silver (SI) Aug 07, 2026 Positive

Gold, silver rally as weak payrolls cut Fed hike pressure - Kitco PM Report

Spot gold and silver prices rallied after the North American equities close Friday, as a negative July payrolls print pulled Treasury yields lower, softened the U.S. dollar and eased pressure on th...

Platinum (PL) Aug 07, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Traders Bet On Dovish Fed

Precious metals markets rally, supported by weaker dollar and falling Treasury yields.

Silver (SI) Aug 07, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Traders Bet On Dovish Fed

Precious metals markets rally, supported by weaker dollar and falling Treasury yields.

Coffee (KC) Aug 07, 2026 Neutral

Bronstein, Gewirtz & Grossman LLC Urges Black Rock Coffee Bar, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

NEW YORK, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Black ...

Silver (SI) Aug 07, 2026 Positive

Gold, silver rally as yields fall after surprise jobs loss - Kitco AM Report

Spot gold and silver prices are sharply higher in early U.S. trading Friday, as a surprise decline in July payrolls pulled Treasury yields lower and reduced near-term Fed hike expectations.

Platinum (PL) Aug 06, 2026 Neutral

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower Amid Profit-Taking

Precious metals markets are losing ground as traders focus on rising Treasury yields and stronger dollar.

Aug 06, 2026 Neutral

JEF SHAREHOLDER ALERT: Jefferies Financial Group, Inc. Investors Encouraged to Contact Kirby McInerney LLP About Potential Securities Laws Violations

NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Jefferies Financial Group, Inc. (“Jefferies” or the “Company”) (N...

Platinum (PL) Aug 05, 2026 Neutral

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Soars 4% As Traders Bet On Iran Deal

Falling Treasury yields and weaker dollar provided additional support to gold markets.

Aug 04, 2026 Negative

Takaichi's fiscal push could lift growth — and Japan's already-rising interest bill

Prime Minister Sanae Takaichi's planned food-tax cut would reduce annual government revenue by an estimated 4.4 trillion yen, just as Japan's borrowing costs and debt-servicing bill are rising. Hig...

Aug 03, 2026 Positive

BlackRock Intros Pair of Tokenized Money Market Offerings

BlackRock says it is expanding its cash management strategy with two new tokenized money market products. The new offerings are dubbed OnChain Shares of the BlackRock Select Treasury Based Liquidit...

Platinum (PL) Aug 03, 2026 Neutral

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Dollar Rebounds

Falling Treasury yields did not provide support to gold markets in today's trading session.

Aug 03, 2026 Neutral

cbdMD Applauds Proposed SENATE SPENDING BILL That Would Protect Access to Full-Spectrum CBD and Other Naturally Derived Hemp Products

Senate continuing resolution text released August 2 would delay the pending November federal hemp restrictions. CHARLOTTE, N.C.

Aug 03, 2026 Neutral

BlackRock Expands Tokenized Cash Platform with BSTBL OnChain Shares and BRSRV

NEW YORK--(BUSINESS WIRE)--Today, BlackRock expanded its cash management strategy with the launch of two tokenized money market products: OnChain Shares of the BlackRock Select Treasury Based Liqui...

Aug 01, 2026 Positive

Here's How Much of the Schwab U.S. Dividend Equity ETF You'd Need to Cover Your Grocery Bill Every Month

The Schwab U.S. Dividend Equity ETF offers a high-yielding income stream. It has steadily distributed more dividend income each year.

Gold Mini (GM) Jul 31, 2026 Positive

Gold is stuck but miners are generating bags of cash

Gold's months-long correction appears to be nearing its end, but prices continue to consolidate near critical support around $4,000 an ounce. The market remains caught between gold's traditional ro...

Gold Mini (GM) Jul 31, 2026 Positive

Gold has value at $4,000 as investors look beyond Fed hawkishness

Although gold prices remain stuck below $4,100 an ounce, analysts are starting to see a shift in sentiment in the marketplace, and support at $4,000 is increasingly being recognized as an attractiv...

Gold Mini (GM) Jul 31, 2026 Neutral

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Treasury Yields Test New Highs

The yield of 30-year Treasuries tested levels that were last seen back in 2007.

Platinum (PL) Jul 31, 2026 Neutral

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Treasury Yields Test New Highs

The yield of 30-year Treasuries tested levels that were last seen back in 2007.

Silver (SI) Jul 31, 2026 Neutral

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Treasury Yields Test New Highs

The yield of 30-year Treasuries tested levels that were last seen back in 2007.

Jul 31, 2026 Positive

The Smartest ETF to Buy With $2,000 Right Now -- and Why Warren Buffett Would Approve

He thinks a portfolio consisting of 10% in Treasury bills and 90% in the S&P 500 is ideal for most investors. For the S&P 500 portion, he has suggested that the Vanguard S&P 500 ETF (VOO) is an exc...

Gold Mini (GM) Jul 31, 2026 Negative

Gold Weekly Price Analysis – Gold Stalls in $4,000–$4,200 Range Amid Rate Pressure

The gold market has been choppy all week, as short-term traders continue to play within a $200 range overall. At this point, markets are waiting for clarity in the Middle East, and by extension, th...

Coffee (KC) Jul 31, 2026 Neutral

Bronstein, Gewirtz & Grossman LLC Urges Black Rock Coffee Bar, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

New York, New York--(Newsfile Corp. - July 31, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed aga...

Gold Mini (GM) Jul 31, 2026 Negative

Gold Price Analysis – Gold Stalls at $4,200 Resistance as Yields Rise

The gold market has pulled back a bit in the early part of trading on Friday, as we head into the weekend, and we are keeping the same range intact.