2 YEAR ERIS SOFR SWAP COT report

2 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: 232856 contracts. This is the latest stored observation, not live trading data.

How are traders positioned?

Non-commercial percentile: 98 across 104 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.

Historical AI commentary — 2026-07-07

This commentary is dated separately from the positioning table. It may describe an earlier market environment.

The 2Y SOFR Swap market is at an extreme positioning juncture. Asset Managers are at a record net long (100th percentile), while Leveraged Funds and Other Reportables are at a record net short (0th percentile), creating a massive tug-of-war. This extreme crowding, with the Spec Core at the 98.7th percentile, signals high potential for sharp repositioning, but the current trend shows Spec Core p...

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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