Expectations & positioning.

Event odds and reported fund positions.

Where leveraged funds stand

CFTC report ↗
Leveraged funds · Futures only

US 10-year Treasury note

-2,107,224

Net contracts · 20 Oct 2026

+98,713 vs 13 Oct 2026

Long
567,553
Short
2,674,777
Net / open interest
-35.9%
Report history
US 10-year Treasury note leveraged fund net positions
DateNet contracts
20 Oct 2026-2,107,224
13 Oct 2026-2,205,937
6 Oct 2026-2,139,785
29 Sep 2026-2,036,432
22 Sep 2026-1,926,947
15 Sep 2026-1,868,126
8 Sep 2026-1,938,754
1 Sep 2026-2,062,502
25 Aug 2026-2,134,339
18 Aug 2026-2,229,013
11 Aug 2026-2,163,714
4 Aug 2026-2,231,670
Leveraged funds · Futures only

Japanese yen

-22,890

Net contracts · 20 Oct 2026

+10,783 vs 13 Oct 2026

Long
69,351
Short
92,241
Net / open interest
-6.0%
Report history
Japanese yen leveraged fund net positions
DateNet contracts
20 Oct 2026-22,890
13 Oct 2026-33,673
6 Oct 2026-25,043
29 Sep 2026-14,161
22 Sep 20267,423
15 Sep 202623,170
8 Sep 2026-49,098
1 Sep 2026-102,188
25 Aug 2026-77,042
18 Aug 2026-67,971
11 Aug 2026-53,070
4 Aug 2026-60,825
Leveraged funds · Futures only

Euro FX

-68,840

Net contracts · 20 Oct 2026

-839 vs 13 Oct 2026

Long
124,951
Short
193,791
Net / open interest
-7.8%
Report history
Euro FX leveraged fund net positions
DateNet contracts
20 Oct 2026-68,840
13 Oct 2026-68,001
6 Oct 2026-44,261
29 Sep 2026-39,265
22 Sep 2026-26,694
15 Sep 2026-28,156
8 Sep 2026-33,285
1 Sep 2026-38,173
25 Aug 2026-38,359
18 Aug 2026-57,716
11 Aug 2026-60,600
4 Aug 2026-52,205

Net = long minus short contracts; spreading positions are excluded. CFTC reports usually arrive on Friday for Tuesday’s positions. These can include hedges and basis trades. Net Treasury shorts do not establish a simple bearish rate view.

US congressional control

Election details →

Prices from the election market; separate from the fund positions above.

US rate expectations

CME FedWatch converts federal-funds futures prices into meeting probabilities. Check its current distribution against the policy baseline before the FOMC decision.

Open CME FedWatch ↗