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Hard To Make Meaningful Inferences Re: Thursday's Positioning Swings

EURIBOR

It's hard to make any meaningful inference when it comes to positioning movement in Euribor futures through the greens on Thursday, given the lack of net price movement across most contracts (come settlement).

  • The blues seemed to see light net long setting, outside of some modest short cover in ERH7.
  • A reminder that dovish comments from ECB GC member Scicluna generated most of the attention on the day, even though there wasn't much in the way of meaningful market movement on those comments.
15-Feb-2414-Feb-24Daily OI ChangeDaily OI Change In Packs
ERH4862,117846,681+15,436Whites+27,181
ERM4647,280638,985+8,295Reds-2,837
ERU4403,860403,884-24Greens-1,939
ERZ4426,894423,420+3,474Blues+4,352
ERH5372,973374,876-1,903
ERM5318,516322,233-3,717
ERU5255,927256,569-642
ERZ5300,148296,723+3,425
ERH6188,446189,836-1,390
ERM6123,588124,944-1,356
ERU6107,300108,294-994
ERZ6102,576100,775+1,801
ERH775,81076,873-1,063
ERM752,52050,298+2,222
ERU747,40946,401+1,008
ERZ762,89460,709+2,185
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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