10 YEAR ERIS SOFR SWAP COT report
10 YEAR ERIS SOFR SWAP - CHICAGO BOARD OF TRADE positioning from the CFTC Legacy report. Net positions equal long contracts minus short contracts. Commercial, non-commercial and non-reportable classifications describe participants; they are not buy or sell signals.
Positions as of 2026-10-27. Open interest: 256103 contracts. This is the latest stored observation, not live trading data.
How are traders positioned?
| Category | Long | Short | Net contracts |
|---|---|---|---|
| Non-commercial | 117755 | 175784 | -58029 |
| Commercial | 90501 | 32413 | 58088 |
| Non-reportable | 1 | 60 | -59 |
Non-commercial percentile: 8 across 104 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.
Position history in contracts
| Observation date | Non-commercial net |
|---|---|
| 2026-10-27 | -58029 |
| 2026-10-20 | -57018 |
| 2026-10-13 | -52415 |
| 2026-10-06 | -43149 |
| 2026-09-29 | -48893 |
| 2026-09-22 | -54098 |
| 2026-09-15 | -54903 |
| 2026-09-08 | -51586 |
| 2026-09-01 | -51133 |
| 2026-08-25 | -50895 |
| 2026-08-18 | -51370 |
| 2026-08-11 | -48370 |
| 2026-08-04 | -49000 |
| 2026-07-28 | -49469 |
| 2026-07-21 | -50163 |
| 2026-07-14 | -52666 |
| 2026-07-07 | -53670 |
| 2026-06-30 | -56154 |
| 2026-06-23 | -54154 |
| 2026-06-16 | -56324 |
| 2026-06-09 | -49330 |
| 2026-06-02 | -74032 |
| 2026-05-26 | -24174 |
| 2026-05-19 | -25009 |
| 2026-05-12 | -27234 |
| 2026-05-05 | -27394 |
| 2026-04-28 | -28148 |
| 2026-04-21 | -29430 |
| 2026-04-14 | -29031 |
| 2026-04-07 | -29031 |
| 2026-03-31 | -28730 |
| 2026-03-24 | -26520 |
| 2026-03-17 | -25537 |
| 2026-03-10 | -24829 |
| 2026-03-03 | -25539 |
| 2026-02-24 | -25294 |
| 2026-02-17 | -25594 |
| 2026-02-10 | -25393 |
| 2026-02-03 | -26663 |
| 2026-01-27 | -26290 |
| 2026-01-20 | -25380 |
| 2026-01-13 | -25180 |
| 2026-01-06 | -25180 |
| 2025-12-30 | -24980 |
| 2025-12-23 | -44980 |
| 2025-12-16 | -44348 |
| 2025-12-09 | -45148 |
| 2025-12-02 | -47773 |
| 2025-11-25 | -59762 |
| 2025-11-18 | -59862 |
| 2025-11-10 | -54862 |
| 2025-11-04 | -55197 |
| 2025-10-28 | -25197 |
| 2025-10-21 | -24207 |
| 2025-10-14 | -24187 |
| 2025-10-07 | -24187 |
| 2025-09-30 | -24183 |
| 2025-09-23 | -34203 |
| 2025-09-16 | -30111 |
| 2025-09-09 | -30113 |
| 2025-09-02 | -44471 |
| 2025-08-26 | -39091 |
| 2025-08-19 | -39071 |
| 2025-08-12 | -29061 |
| 2025-08-05 | -29061 |
| 2025-07-29 | -20441 |
| 2025-07-22 | -20432 |
| 2025-07-15 | -28520 |
| 2025-07-08 | -28492 |
| 2025-07-01 | -28492 |
| 2025-06-24 | -66535 |
| 2025-06-17 | -65537 |
| 2025-06-10 | -13028 |
| 2025-06-03 | -14582 |
| 2025-05-27 | -61864 |
| 2025-05-20 | -62478 |
| 2025-05-13 | 22 |
| 2025-05-06 | 22 |
| 2025-04-29 | 22 |
| 2025-04-22 | 22 |
| 2025-04-15 | 22 |
| 2025-04-08 | 41 |
| 2025-04-01 | 32 |
| 2025-03-25 | 32 |
| 2025-03-18 | 32 |
| 2025-03-11 | 37 |
| 2025-03-04 | 32 |
| 2025-02-25 | 21 |
| 2025-02-18 | 32 |
| 2025-02-11 | 32 |
| 2025-02-04 | 21 |
| 2025-01-28 | 21 |
| 2025-01-21 | 21 |
| 2025-01-14 | 20 |
| 2025-01-07 | 20 |
| 2024-12-31 | 20 |
| 2024-12-24 | 20 |
| 2024-12-17 | -460 |
| 2024-12-10 | 11 |
| 2024-12-03 | 31 |
| 2024-11-26 | 11 |
| 2024-11-19 | 11 |
| 2024-11-12 | 6 |
| 2024-11-05 | 14 |
Historical AI commentary — 2026-07-07
This commentary is dated separately from the positioning table. It may describe an earlier market environment.
The 10Y SOFR Swap market is at an extreme positioning inflection point. Leveraged funds hold their largest net short position on record (0.0th percentile), while dealers are heavily long (92.9th percentile), creating a setup that has historically been followed by significant mean-reversion in rates. The key divergence is that speculative shorts are unwinding sharply, suggesting a potential cata...
How should this COT report be used?
Use positioning to understand exposure and crowded trades alongside price, liquidity and risk controls. Weekly reports generally describe Tuesday positions released on Friday, subject to the CFTC schedule. Classifications differ in TFF and Disaggregated reports. Compare like-for-like formats and dates.
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