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

Jun 25, 2026 Positive

Warren Buffett Would Never Touch This 9%-Yield ETF – Why Some Retirees Still Love It

Warren Buffett buys businesses that compound dividends rather than businesses that pay the biggest dividend they can squeeze out today.

Jun 25, 2026 Neutral

Bond ETF flows surge in hunt for yield: 'Market sniffing out something here,' says BlackRock exec

Bond ETF inflows are running 60% ahead of last year's level, which was itself a record pace, a rise that a BlackRock executive described as "shocking" to CNBC. Elevated stock market volatility, a n...

Jun 24, 2026 Neutral

Roundhill's WEEK ETF Quietly Pays Treasury Bill Investors Every Wednesday Like Clockwork

One of the classic ways to earn income from Treasury bills is through a Treasury ladder.

Jun 24, 2026 Neutral

US banks look for new bill of health from Fed stress tests

Financial markets will gain a fresh glimpse into the overall health of the largest U.S. banks on Wednesday when the Federal Reserve releases the results ​of its latest stress test.

Jun 20, 2026 Neutral

BlackRock® Canada Announces Risk Rating Changes for certain iShares ETFs and Name Change for iShares Core Canadian Short-Mid Term Universe Bond Index ETF

TORONTO, June 19, 2026 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK), today an...

Gold Mini (GM) Jun 19, 2026 Negative

Hawkish Fed keeps pressure on gold as physical premiums soften - Kitco PM Report

Spot gold and silver prices are weaker in thin holiday trading Friday, with U.S. cash equity and bond markets closed for Juneteenth and rate-sensitive flows continuing to lean against precious meta...

Platinum (PL) Jun 19, 2026 Negative

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook

Precious metals are under pressure as traders prepare for rate hikes.

Silver (SI) Jun 19, 2026 Negative

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Traders Focus On Hawkish Fed Policy Outlook

Precious metals are under pressure as traders prepare for rate hikes.

Silver (SI) Jun 19, 2026 Negative

Gold and Silver Price Forecast – Fed Hawkish Signal Pressures Metals

Gold and silver remain under pressure as the Fed's hawkish signal supports the US dollar and Treasury yields, while the US-Iran peace agreement may limit downside risks.

Silver (SI) Jun 18, 2026 Negative

Gold, silver sink as dollar tests yearly highs following hawkish Fed - Kitco PM Report

Spot gold prices are lower and spot silver prices are sharply weaker after the close Thursday, as the U.S. dollar tested yearly highs and traders continued to reprice the Federal Reserve's higher-f...

Jun 18, 2026 Neutral

BRHY: BlackRock Enters The Active High Yield ETF Arena

BlackRock's active offering, BRHY, has closely mirrored its passive peer HYG since its mid-2024 inception, effectively acting as a "closet indexer" by tracking the broad market rather than generati...

Jun 18, 2026 Positive

With Just 3 Words, Warren Buffett Gives a Clear Endorsement of This Vanguard ETF

Warren Buffett has long stated that everyday investors are usually best served by investing in the S&P 500. In his estate plan, he calls for his wife to have a 10% allocation to Treasury bills and ...

British Pound (B6) Jun 18, 2026 Neutral

Short-Dated Gilt Yields Edge Lower After BOE Keeps Rates on Hold

Short-dated gilt yields edged lower after the Bank of England left interest rates unchanged, as widely expected.

British Pound (B6) Jun 18, 2026 Negative

Gold faces global monetary policy tightening as BOE vote shows growing support for rate hike

The gold market continues to struggle to attract any significant buying momentum as global monetary policy continues to shift toward higher interest rates.This new tightening cycle was led by the E...

British Pound (B6) Jun 18, 2026 Positive

FTSE 100 Index forecast ahead of the BoE interest rate decision

The FTSE 100 Index remained in a narrow range this week as focus shifted to the key UK macro data and actions from the Federal Reserve and the Bank of England (BoE). It was trading at 10,440 points...

Platinum (PL) Jun 17, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground Ahead Of Fed Decision

Silver markets are also moving higher in today's trading session.

Japanese Yen (J6) Jun 17, 2026 Positive

This ETF May Benefit From a BOJ Rate Hike

Yields on 10-year Japan government bonds touched a 30-year high last month. Now market participants are pondering the effects of those higher yields on stocks in the Land of the Rising Sun.

British Pound (B6) Jun 17, 2026 Negative

FTSE 100 slips as investors weigh inflation data ahead of BoE decision

UK stocks traded lower on Wednesday as investors evaluated the latest inflation figures and housing market data ahead of the Bank of England's upcoming interest rate decision. The benchmark FTSE 10...

Platinum (PL) Jun 16, 2026 Neutral

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Oil Prices Test New Lows

Falling Treasury yields provided significant support to precious metals.

Japanese Yen (J6) Jun 16, 2026 Neutral

BOJ Deputy Governor Uchida's comments at news conference

The Bank of Japan raised interest rates to a 31-year ​high on Tuesday, marking another ‌landmark step in normalising monetary policy as it focused on taming price ​pressures from the energy ​shock ...

Euro FX (E6) Jun 15, 2026 Neutral

Atsinaujinančios energetikos investicijos has borrowed EUR 18.1 million and secured financing for the redemption of the Redeemed Bonds

Announcement to the holders of bonds with ISIN LT0000405938 (the Redeemed Bonds) (redeeming issue): The investment company UAB Atsinaujinančios energetikos investicijos (AEI), managed by Lords LB A...

Gold Mini (GM) Jun 12, 2026 Positive

Wall Street retreats to the sidelines ahead of the Fed, Main Street breaks bearish after gold tests $4,000/oz

Gold prices saw another turbulent week, as early safe-haven support faded into a sharp midweek selloff after hotter U.S. inflation data, renewed Middle East fighting, and rising Fed rate-hike expec...

Jun 12, 2026 Neutral

JEF NOTICE: Investigation Launched into Jefferies Financial Group Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm

SAN DIEGO, June 12, 2026 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Jefferies Financial Group Inc. (NYSE: JEF) ...

Gold Mini (GM) Jun 12, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Highs Despite Rising Treasury Yields

Silver markets are also moving higher as rebound continues.