5 YEAR ERIS SOFR SWAP COT report

5 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: 218968 contracts. This is the latest stored observation, not live trading data.

How are traders positioned?

Non-commercial percentile: 86 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 5Y SOFR Swap market is at a historic extreme with Dealers holding their largest net long position on record (100.0th percentile) while Speculators (Asset Managers + Leveraged Funds) are near their most net short (3.2nd percentile). This extreme polarity creates a high probability for a mean-reverting price move, as similar historical setups have typically led to a reversal in the prevailing...

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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