COT Reports / US Treasuries / ZN

10-Year T-Note (ZN): COT Report & Analysis ZN

Track how "Smart Money" institutions are positioning themselves in 10-Year T-Note (ZN). By analyzing the latest Commitments of Traders (COT) data from the UST 10Y NOTE - CHICAGO BOARD OF TRADE, with sector comparisons, we provide a deep dive into the current market dynamics. Understanding these underlying shifts allows you to better anticipate where the market might be heading next.

About 10-Year T-Note (ZN)

The 10-Year Treasury Note (T-Note) is a medium-term U.S. government debt security. Trading: It is the most actively traded Treasury instrument and serves as the primary benchmark for mortgage rates and corporate bonds. Usage: The 10-year yield is closely watched as an indicator of economic expectations and investor sentiment about inflation and growth.

Current Yield
4.45%
Jun 11, 2026 FRED This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Market Sentiment
Increasing Bearish
Outlook
Net Position
Net Position: Difference between long and short contracts of Non-Commercials (large speculators/funds). A positive value means they are predominantly net-long (expecting rising prices).
-863,807
▼ 4.1%
Market Situation
The market situation analyzes the current net positioning compared to the historical average of recent years (Z-Score). This helps to identify extreme market conditions.
Bearish

COT Charts

Positioning History

commercial and non-commercial positions
Date Position Net Position
Difference between Non-Commercial Long and Short
Non-Comm. Long
Speculators & funds betting on rising prices
Non-Comm. Short
Speculators & funds betting on falling prices
Comm. Long
Hedgers/producers hedging against rising prices
Comm. Short
Hedgers/producers hedging against falling prices
Jun 09, 2026 Bearish -863,807 533,000 1,396,807 4,222,625 3,357,930
Jun 02, 2026 Bearish -829,575 565,907 1,395,482 4,253,404 3,431,662
May 26, 2026 Bearish -787,954 600,164 1,388,118 4,248,016 3,751,831
May 19, 2026 Bearish -848,052 566,207 1,414,259 4,366,133 3,579,858
May 12, 2026 Bearish -781,167 638,384 1,419,551 4,184,832 3,451,089
May 05, 2026 Bearish -815,269 610,543 1,425,812 4,158,508 3,411,165
Apr 28, 2026 Bearish -839,137 661,954 1,501,091 4,134,979 3,387,059
Apr 21, 2026 Bearish -790,971 591,103 1,382,074 4,060,023 3,333,134
Apr 14, 2026 Bearish -800,365 631,581 1,431,946 4,031,176 3,273,219
Apr 07, 2026 Bearish -823,624 567,683 1,391,307 4,032,672 3,233,330
Mar 31, 2026 Bearish -784,063 626,486 1,410,549 4,009,481 3,261,156
Mar 24, 2026 Bearish -641,887 755,844 1,397,731 3,863,211 3,263,077
Mar 17, 2026 Bearish -597,878 749,798 1,347,676 3,971,158 3,420,371
Mar 10, 2026 Bearish -534,883 683,037 1,217,920 4,059,248 3,561,997