News•Feb 21, 2026
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Hedge funds have deepened their net short position in 10‑year Treasury futures, pushing the short to 877.9k contracts and driving the 10‑year yield up to 4.09% after the Supreme Court struck down Trump’s blanket tariffs. At the same time, the administration introduced a new 10% import tax, re‑injecting trade‑policy uncertainty. Commodity bets show a strong net long stance in WTI crude, while equity futures reveal growing short pressure in the S&P 500 and a surge in Nasdaq long positions. Overall, the CoT data paints a picture of rate‑hawkish sentiment, mixed commodity optimism, and heightened market volatility.
