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Two-year note net positioning

The two-year is the policy-sensitive leg of the curve. Crowded positioning here is the usual fuel for a curve move that runs further than the news behind it.

Latest
-907,065 contracts
As of
22 Sept 2026
Standard deviations
1.90
Percentile
97th percentile

30 days to 4 Oct 2026 · -929,107 contracts to -855,353 contracts

The archive behind this

This page shows the last 30 days. Two-year note net positioning has 178 readings in the warehouse, back to 2 May 2023. A plan opens the rest of it, with CSV export and the analyst.

See plans

Source

QuantNow Derived Research

Non-commercial long less non-commercial short positions in the CFTC Legacy Futures Only report for Two-Year Treasury Note Futures.

Informational research only. Nothing here is personalised investment advice.