# FinzData Weekly Liquidity Capital Flows October 30

Source: https://finzdata.com/research/weekly/2026-10-30

Liquidity, capital flows and positioning for week to October 30, 2026 from FinzData database. Download deck PDF 11 slides, PowerPoint, CSV or JSON.

[FinzData Weekly](https://finzdata.com/research/weekly/) · [FinzData Research](https://finzdata.com/research/) · Published 30 October 2026

# FinzData Weekly: Liquidity, Capital Flows & Positioning, October 30, 2026

Liquidity, capital flows and positioning for the week to October 30, 2026, built from the FinzData database. Data, not investment advice.

[Download the deck (PDF, 11 slides)](https://finzdata.com/research/weekly/2026-10-30/deck.pdf) [PowerPoint](https://finzdata.com/research/weekly/2026-10-30/deck.pptx) · [CSV](https://finzdata.com/research/weekly/2026-10-30.csv) · [JSON](https://finzdata.com/research/weekly/2026-10-30.json)

### Get FinzData research free, every morning

The daily brief: what moved, the macro releases that matter, positioning and liquidity, with charts. One email a day, free, unsubscribe anytime.
**$5,746bn**Fed net liquidity, 28 October 2026 (−37bn over 4 weeks) **$1,000bn**Treasury General Account (+51bn over 4 weeks) **+6.7%**M2 money supply vs a year ago ($23,508bn) **US 10-year Treasury**Most crowded: Asset managers, COT index 100 (crowded long)
## Contents

1. [This week in five lines](https://finzdata.com/#s02)

1. [Fed net liquidity](https://finzdata.com/#s03)

1. [What moved liquidity](https://finzdata.com/#s04)

1. [Money and financial conditions](https://finzdata.com/#s05)

1. [Foreign capital flows (TIC)](https://finzdata.com/#s06)

1. [ETF and crypto flows](https://finzdata.com/#s07)

1. [Positioning map](https://finzdata.com/#s08)

1. [Most crowded](https://finzdata.com/#s09)

1. [Biggest weekly swings](https://finzdata.com/#s10)

1. [Every number here is one call to the FinzData API](https://finzdata.com/#s11)

1. [Method and sources](https://finzdata.com/#method)

## 1. FinzData Weekly: Liquidity, Capital Flows & Positioning

Cover slide for the FinzData Weekly issue dated October 30, 2026. The deck covers liquidity, capital flows and positioning for the week.

```
import finzdata as yf

c = yf.Client()

# Net liquidity: Fed assets minus TGA minus reverse repo
liq = c.liquidity("FED_NET_LIQUIDITY")

# COT positioning: S&P 500 futures, TFF report
cot = c.cot(report="tff_fo", market="13874+")

# Treasury International Capital flows
tic = c.tic()
```

Built for AI, quants, data scientists and financial analysts who backtest. Clean data. Real insights. Real alpha. finzdata.com. This material is for information only and is not investment advice.

## 2. This week in five lines

Key takeaways from this week's issue: Fed net liquidity stands at $5,746bn as of 2026-10-28, falling over past four weeks (−37bn). Treasury General Account rising over four weeks (+51bn) to $1,000bn.

- Fed net liquidity stands at $5,746bn as of 2026-10-28, falling over past four weeks (−37bn).

- Treasury General Account rising over four weeks (+51bn) to $1,000bn.

- M2 money supply is 6.7% versus a year ago at $23,508bn.

- Most crowded positioning: US 10-year Treasury (Asset managers, index 100) and Euro (Leveraged funds, index 0).

- Largest weekly swing in net % of open interest: Russell 2000 (Leveraged funds) at +9.2pp.

## 3. Fed net liquidity

Fed net liquidity stands at $5,746bn as of 2026-10-28. The four-week change is −37bn and the thirteen-week change is −79bn.

| Series | Latest | As of | 1w | 4w | 13w | 1y |
| --- | --- | --- | --- | --- | --- | --- |
| Fed net liquidity (assets − TGA − reverse repo) | $5,746bn | 2026-10-28 | −56bn | −37bn | −79bn | +68bn |
| Fed balance sheet | $6,746bn | 2026-10-28 | −8bn | +3bn | +7bn | +156bn |
| Treasury General Account | $1,000bn | 2026-10-28 | +48bn | +51bn | +89bn | +92bn |
| Overnight reverse repo | $0bn | 2026-10-28 | 0bn | −11bn | −2bn | −14bn |
| Bank reserves | $2,894bn | 2026-10-28 | −69bn | −54bn | −91bn | −39bn |
| M2 money supply (weekly) | $23,508bn | 2026-10-05 | +214bn | +168bn | +298bn | +1,471bn |
| Money market fund assets | $8,441bn | 2026-04-01 | +152bn | +152bn | +251bn | +960bn |
| G3 central bank assets (USD) | $17,524bn | 2026-09-01 | −124bn | −124bn | −235bn | −917bn |
| Chicago Fed financial conditions (NFCI) | -0.49 | 2026-10-23 | +0.01 | +0.03 | +0.05 | +0.03 |
| St. Louis Fed financial stress | -0.58 | 2026-10-23 | +0.05 | +0.22 | +0.24 | −0.23 |

Fed net liquidity is $5,746bn as of 2026-10-28 with four-week change −37bn. Treasury General Account is $1,000bn with four-week change +51bn.

## 4. What moved liquidity

Four-week changes in the components of net liquidity: Fed balance sheet +3bn; Treasury General Account −51bn; Overnight reverse repo +11bn; Bank reserves −54bn.

## 5. Money and financial conditions

Money and financial conditions snapshot. For example, M2 (weekly) stands at $23,508bn as of 2026-10-05.

## 6. Foreign capital flows (TIC)

Net foreign purchases of US long-term securities over the last 12 months. Latest month August 2026: $301bn; 12-month total $1,876bn.

| Series | Latest month | Value | Prior month | 12-month total / change |
| --- | --- | --- | --- | --- |
| Net foreign purchases of US long-term securities | 2026-08-01 | $301bn | $41bn | +1,876bn (12m total) |
| Net foreign purchases of US Treasuries | 2026-08-01 | $109bn | −$4bn | +306bn (12m total) |
| Foreign official net purchases of Treasuries | 2026-08-01 | $18bn | $26bn | +10bn (12m total) |
| Foreign holdings of US Treasuries | 2026-08-01 | $39,916bn | $38,826bn | +5,290bn (12m change) |

Net foreign purchases of US long-term securities were $301bn in 2026-08-01 with 12-month total +1,876bn. Net foreign purchases of US Treasuries were $109bn in 2026-08-01 with 12-month total +306bn.

## 7. ETF and crypto flows

Net flow across the 22 of 30 tracked ETFs with issuer data this week: −$5.55bn. Not total US ETF flow. Spot bitcoin ETFs: −$349.9m over the week, +$110.1m over four weeks. Spot ether ETFs: −$276.4m over the week, −$1.35bn over four weeks. USD stablecoin supply changed −$1.94bn over seven days to $301.6bn.

### US-listed ETF creations and redemptions

Net flow across the funds we measure this week: **−$5.55bn** (5 trading days to 2026-10-28; flow = change in shares outstanding x NAV, from the issuers' own daily files). Coverage this week: 22 of 30 tracked funds (AGG, BIL, DIA, EEM, EFA, ETHA, HYG, IAU, IBIT, IEF, IVV, IWM, LQD, SGOV, SHY, SLV, SPY, TLT, XLE, XLF, XLK, XLV); the rest are not yet measured, so this is not total US ETF flow.

| Asset class | Net flow (week) |
| --- | --- |
| Credit | +$2.04bn |
| International equity | $0.0m |
| Gold & metals | −$103.8m |
| Crypto | −$175.8m |
| Sector | −$1.08bn |
| Treasuries | −$1.50bn |
| US equity | −$4.73bn |

| ETF | Fund | Net flow (week) |
| --- | --- | --- |
| IEF | IEF | +$1.49bn |
| LQD | LQD | +$1.24bn |
| HYG | HYG | +$894.9m |
| DIA | DIA | +$416.6m |
| XLK | XLK | +$240.1m |
| SPY | SPY | −$4.62bn |
| BIL | BIL | −$2.45bn |
| TLT | TLT | −$814.8m |
| XLF | XLF | −$620.5m |
| IWM | IWM | −$537.6m |

### Crypto flows

| Series | 1 week | 4 weeks | Latest | Largest in / out |
| --- | --- | --- | --- | --- |
| Spot bitcoin ETFs | −$349.9m | +$110.1m | 2026-10-28 | IBIT +$33.4m, FBTC −$224.8m |
| Spot ether ETFs | −$276.4m | −$1.35bn | 2026-10-28 | FETH +$69.5m, ETHA −$318.3m |
| Stablecoin supply (USD-pegged) | −$1.94bn | −$4.71bn | 2026-10-28 | $301.6bn outstanding |

## 8. Positioning map

COT index for every tracked market and trader group. Highest reading: US 10-year Treasury (Asset managers) at 100; lowest: Euro (Leveraged funds) at 0.

### TFF report (financial futures)

| Market | Group | Net contracts | Net % OI | w/w pp | COT index | Percentile | Flag |
| --- | --- | --- | --- | --- | --- | --- | --- |
| S&P 500 | Asset managers | 904,019 | 46.2% | −0.9pp | 60 | 93% | |
| S&P 500 | Leveraged funds | -372,869 | -19.1% | +2.0pp | 45 | 8% | |
| Nasdaq-100 | Asset managers | 78,767 | 27.6% | +1.6pp | 68 | 74% | |
| Nasdaq-100 | Leveraged funds | -7,688 | -2.7% | +4.7pp | 80 | 48% | |
| Russell 2000 | Asset managers | 30,960 | 6.6% | −0.0pp | 26 | 47% | |
| Russell 2000 | Leveraged funds | -53,035 | -11.4% | +9.2pp | 47 | 34% | |
| VIX | Asset managers | -57,459 | -13.2% | +4.0pp | 20 | 1% | |
| VIX | Leveraged funds | -20,890 | -4.8% | −5.1pp | 73 | 85% | |
| US 2-year Treasury | Asset managers | 1,723,580 | 38.0% | −1.4pp | 40 | 85% | |
| US 2-year Treasury | Leveraged funds | -1,285,548 | -28.4% | +1.7pp | 92 | 29% | Crowded long |
| US 10-year Treasury | Asset managers | 2,925,416 | 49.9% | +0.0pp | 100 | 100% | Crowded long |
| US 10-year Treasury | Leveraged funds | -2,107,224 | -35.9% | +2.0pp | 29 | 10% | |
| US Treasury bond | Asset managers | 388,007 | 21.7% | +0.6pp | 6 | 39% | Crowded short |
| US Treasury bond | Leveraged funds | -162,757 | -9.1% | −0.8pp | 98 | 57% | Crowded long |
| SOFR 3-month | Asset managers | -231,610 | -1.8% | +1.8pp | 36 | 39% | |
| SOFR 3-month | Leveraged funds | -2,373,040 | -18.3% | −0.9pp | 13 | 5% | |
| Euro | Asset managers | 190,421 | 21.7% | −1.2pp | 15 | 45% | |
| Euro | Leveraged funds | -68,840 | -7.8% | −0.1pp | 0 | 43% | Crowded short |
| Japanese yen | Asset managers | 79,103 | 20.9% | +3.2pp | 79 | 78% | |
| Japanese yen | Leveraged funds | -22,890 | -6.0% | +3.0pp | 60 | 65% | |
| British pound | Asset managers | -134,621 | -53.0% | +1.3pp | 12 | 0% | |
| British pound | Leveraged funds | 24,104 | 9.5% | +5.6pp | 38 | 57% | |
| Bitcoin (CME) | Asset managers | 2,999 | 14.3% | −3.3pp | 6 | 45% | Crowded short |
| Bitcoin (CME) | Leveraged funds | -4,942 | -23.5% | +4.7pp | 100 | 73% | Crowded long |

### Disaggregated report (commodities)

| Market | Group | Net contracts | Net % OI | w/w pp | COT index | Percentile | Flag |
| --- | --- | --- | --- | --- | --- | --- | --- |
| WTI crude | Managed money | 36,187 | 2.0% | −0.2pp | 25 | 3% | |
| WTI crude | Producers/merchants | 359,568 | 19.6% | +1.0pp | 89 | 100% | |
| Natural gas (NYMEX) | Managed money | -157,409 | -9.2% | −1.9pp | 1 | 22% | Crowded short |
| Natural gas (NYMEX) | Producers/merchants | -13,154 | -0.8% | −0.1pp | 73 | 81% | |
| Gold | Managed money | 104,206 | 25.9% | −1.1pp | 38 | 58% | |
| Gold | Producers/merchants | -14,783 | -3.7% | +1.0pp | 93 | 97% | Crowded long |
| Silver | Managed money | 3,505 | 3.1% | −2.1pp | 21 | 18% | |
| Silver | Producers/merchants | -15,029 | -13.2% | +1.4pp | 91 | 91% | Crowded long |
| Copper | Managed money | 47,690 | 14.6% | −4.9pp | 72 | 67% | |
| Copper | Producers/merchants | -77,406 | -23.7% | +5.2pp | 36 | 51% | |
| Corn | Managed money | 164,423 | 9.0% | −4.4pp | 68 | 60% | |
| Corn | Producers/merchants | -528,744 | -28.8% | +3.7pp | 32 | 37% | |
| Soybeans | Managed money | 221,325 | 20.2% | −3.1pp | 90 | 78% | Crowded long |
| Soybeans | Producers/merchants | -287,435 | -26.3% | +2.0pp | 14 | 46% | |

### Crowding and weekly swings

#### Most crowded (by |COT index − 50|)

- US 10-year Treasury (Asset managers): COT index 100, flag: Crowded long.

- Euro (Leveraged funds): COT index 0, flag: Crowded short.

- Bitcoin (CME) (Leveraged funds): COT index 100, flag: Crowded long.

- Natural gas (NYMEX) (Managed money): COT index 1, flag: Crowded short.

- US Treasury bond (Leveraged funds): COT index 98, flag: Crowded long.

#### Largest weekly swings (by |w/w pp|)

- Russell 2000 (Leveraged funds): +9.2pp to -11.4% of open interest.

- British pound (Leveraged funds): +5.6pp to 9.5% of open interest.

- Copper (Producers/merchants): +5.2pp to -23.7% of open interest.

- VIX (Leveraged funds): −5.1pp to -4.8% of open interest.

- Copper (Managed money): −4.9pp to 14.6% of open interest.

US 10-year Treasury Asset managers COT index 100 and Euro Leveraged funds COT index 0 are most crowded. Largest weekly swing is Russell 2000 Leveraged funds +9.2pp.

## 9. Most crowded

Most crowded positioning by distance of the COT index from 50. Top of the list: US 10-year Treasury (Asset managers) with a COT index of 100 and net 49.9% of open interest.

## 10. Biggest weekly swings

Largest weekly swings in net percent of open interest. Biggest move: Russell 2000 (Leveraged funds) at +9.2pp to -11.4% of open interest.

## 11. Every number here is one call to the FinzData API

Closing slide. Every figure in this deck is available through the FinzData API; the full report is at finzdata.com/research/weekly/2026-10-30.

## Method and sources

All figures are point-in-time for the issue date. COT positioning uses rows dated on or before issue date minus four days (Tuesday positions published the following Friday). Liquidity and TIC series use rows dated on or before issue date minus two days. This lets us rebuild past issues exactly as they would have appeared at the time.

- Liquidity and flows: latest observation, plus the change versus the last observation on or before 7, 28, 91 and 365 calendar days earlier. Monthly TIC flows also show the prior month and a trailing-12-month sum; foreign holdings show the level and the 12-month change.

- Positioning: net = long − short contracts per trader group; net % of open interest = 100 × net ÷ total open interest; w/w change in net contracts and in net % of open interest (percentage points); COT index = 100 × (net − min) ÷ (max − min) over the last 156 weekly rows (50 when max equals min); percentile of net % of open interest versus all history since 2010. "Crowded long" when the COT index is 90 or above, "Crowded short" when 10 or below.

- Sources: Federal Reserve H.4.1, US Treasury, FRED, CFTC Commitments of Traders, and the US Treasury TIC survey, all stored in the FinzData database.

Explore the underlying series: [COT positioning](https://finzdata.com/datasets#cot), [datasets](https://finzdata.com/datasets), [explore](https://finzdata.com/explore), and the [RSS feed](https://finzdata.com/research/weekly/feed.xml).

[Download the deck (PDF, 11 slides)](https://finzdata.com/research/weekly/2026-10-30/deck.pdf) [PowerPoint](https://finzdata.com/research/weekly/2026-10-30/deck.pptx) · [CSV](https://finzdata.com/research/weekly/2026-10-30.csv) · [JSON](https://finzdata.com/research/weekly/2026-10-30.json)

[Get a free API key](https://api.finzdata.com/) [All weekly issues](https://finzdata.com/research/weekly/) · [RSS](https://finzdata.com/research/weekly/feed.xml) · [More research](https://finzdata.com/research/)

Built for AI, quants, data scientists and financial analysts who backtest. Clean data. Real insights. Real alpha. finzdata.com. This material is for information only and is not investment advice.

### Get FinzData research free, every morning

The daily brief: what moved, the macro releases that matter, positioning and liquidity, with charts. One email a day, free, unsubscribe anytime.