10Y Treasury
10-Year T-Note
Week of September 22, 2026
MIXED
Smart money is net short and reducing.
2Y percentile: 68th, Above average
Weekly change: -58,821 contracts
Weekly Changes
Asset Managers-103.6K
Leveraged Funds-58.8K
Dealers+138.7K
Other Reportable+34.7K
Positioning Percentile (2Y)
Asset Managers
91stExtremely high (historically rare)
050100
Leveraged Funds
68thAbove average
050100
Dealers
3rdExtremely low (historically rare)
050100
Other Reportable
2ndExtremely low (historically rare)
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Asset Managers | +2.5M | -103.6K | 91st | 97th |
| Leveraged Funds | -1.9M | -58.8K | 68th | 29th |
| Dealers | -580.7K | +138.7K | 3rd | 1st |
| Other Reportable | -9.5K | +34.7K | 2nd | 28th |
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.