Commitment of Traders Weekly Update

Latest edition · July 24, 2026

Commitment of Traders - Weekly Update

This report details institutional positioning in US Treasury futures and short-term rates as of July 21, 2026. Key shifts include asset managers favoring curve flattening and leveraged funds increasing net long DV01 exposure.

The weekly commitment of traders analysis shows significant positioning changes among market participants in UST futures and SOFR instruments. As of July 21, asset managers engaged in curve flattening by selling shorter-dated notes (TU and FV) and purchasing longer-term UST futures, while leveraged funds expanded their total DV01 exposure by $3.3 million. In the money market space, leveraged funds preferred 30-day fed funds over SOFR, while dealers began moving their 3M SOFR positions away from June highs.

Key takeaways from the latest edition

• 1.Asset managers increased curve flattening exposure by selling TU and FV futures while buying longer-term UST contracts.
• 2.Leveraged funds increased their net DV01 exposure by $3.3 million, leaning into long positions.
• 3.In the short-term rates market, leveraged funds favored 30-day fed funds over 1M SOFR.

What this series covers

• Rates
• Weekly change by trader type in DV01
• Open Interest held by largest traders
• Aggregate Open Interest
• Net positions as % of OI

Edition archive

• Commitment of Traders - Weekly Update

  July 24, 2026

• DB- Commitment of Traders- Weekly Update

  July 10, 2026

• DB- Commitment of Traders 20260508

  May 11, 2026