10Y Treasury
10-Year T-Note
Week of November 3, 2026
BEARISH
Smart money is net short and reducing.
2Y percentile: 22nd, Well below average
Weekly change: -35,035 contracts
Weekly Changes
Asset Managers+30.1K
Leveraged Funds-35.0K
Dealers+18.1K
Other Reportable-24.7K
Positioning Percentile (2Y)
Asset Managers
100thExtremely high (historically rare)
050100
Leveraged Funds
22ndWell below average
050100
Dealers
7thExtremely low (historically rare)
050100
Other Reportable
0thExtremely low (historically rare)
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Asset Managers | +3.0M | +30.1K | 100th | 100th |
| Leveraged Funds | -2.3M | -35.0K | 22nd | 9th |
| Dealers | -611.9K | +18.1K | 7th | 3rd |
| Other Reportable | -191.2K | -24.7K | 0th | 10th |
About 10Y Treasury Positioning
The bond that sets the price of everything. Positioning here reflects expectations about inflation, Fed policy, and economic growth. When leveraged funds build massive Treasury shorts, they're betting rates go higher. When asset managers load up on longs, they're positioning for a slowdown. Historically, when these two are at opposite extremes, the market is about to pick a side, violently.