Correspondence 0001445546-23-001359 from FT 10596 (CIK 0001956522)

FT 10596 (CIK 0001956522)
Date: Feb. 16, 2023 · CIK: 0001956522 · Accession: 0001445546-23-001359

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File numbers found in text: 333-269312

Date

February 16, 2023

Author

Not clearly detected

Form

CORRESP

Company

FT 10596 (CIK 0001956522)

Letter

Division of Investment Management Re: FT 10596 Interest Rate Hedge Portfolio, Series 148 (the “Trust”) CIK No. 1956522 File No. 333-269312

Dear Mr. Cowan:

We received your comments regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comments.

Comments

Risk Factors

1.If the Funds held by the Trust invest in bonds that reference LIBOR, please add relevant risk disclosure.

Response:If the Trust’s final portfolio has exposure to Funds that invest in bonds that reference LIBOR, appropriate disclosure will be added to the Trust’s prospectus.

We appreciate your prompt attention to this Registration Statement. If you have any questions or comments or would like to discuss our responses to your questions, please feel free to contact Brian D. Free at (312) 845-3017 or the undersigned at (312) 845-3721.

Very truly yours,
Chapman and Cutler llp

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CORRESP
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        Chapman and Cutler LLP

320 South Canal Street, 27th Floor

Chicago, Illinois 60606

T 312.845.3000

F 312.701.2361

www.chapman.com

February 16, 2023

Mark Cowan

U.S. Securities and Exchange Commission

Division of Investment Management

Disclosure Review Office

100 F Street, N.E.

Washington, D.C. 20549

    Re:
    FT 10596

    Interest Rate Hedge Portfolio, Series 148

    (the “Trust”)

    CIK No. 1956522 File No. 333-269312

Dear Mr. Cowan:

We received your comments
regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comments.

Comments

Risk Factors

1.If
the Funds held by the Trust invest in bonds that reference LIBOR, please add relevant risk disclosure.

Response:If
the Trust’s final portfolio has exposure to Funds that invest in bonds that reference LIBOR, appropriate disclosure will be added
to the Trust’s prospectus.

We appreciate your prompt attention
to this Registration Statement. If you have any questions or comments or would like to discuss our responses to your questions, please
feel free to contact Brian D. Free at (312) 845-3017 or the undersigned at (312) 845-3721.

    Very truly yours,

    Chapman and Cutler llp

    By:
    /s/ Daniel J. Fallon

    Daniel J. Fallon

SecProbe.io