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SOFR 3-Month
Short exposure sits in the 4th percentile. The lead participant net position changed −9.1K contracts over the latest week.
Positions as of1 Sept 2026Released 5 Sept 2026
01
Positioning history
Current exposure in its own range.
Positioning historySOFR 3-Month exposure is measured against its own history.Lead participant rolling z-score
2026-09-01-1.53σ
02
Participant structure
Who carries the reported exposure.
ParticipantNet contractsRelative size
Asset managers−692.6K
Dealers+3.4M
Leveraged funds−2.6M
Non-reportables+734
Other reportables−81.5K
CFTC participant categories vary by report family. The primary positioning series uses managed money for physical commodities and leveraged funds for financial futures.
03
Comparable states
What followed similar positioning.
| Positioning bucket | N | 4W positive | 8W positive | 12W positive | Avg 12W |
|---|---|---|---|---|---|
| z ≥ 2.0 (extreme long) | 0 | — | — | — | — |
| 1.5 ≤ z < 2.0 | 0 | — | — | — | — |
| 1.0 ≤ z < 1.5 | 0 | — | — | — | — |
| neutral (−1.0 < z < 1.0) | 0 | — | — | — | — |
| −1.5 < z ≤ −1.0 | 0 | — | — | — | — |
| −2.0 < z ≤ −1.5 | 2 | 100.0% | — | — | — |
| z ≤ −2.0 (extreme short) | 2 | 100.0% | — | — | — |
Overlapping historical observations. Periods and sample sizes are shown so the comparison can be read in context.