Free Trial

Large Open Interest Moves In OAT and Gilt Friday

BONDS

Will be sending out a full Europe Pi positioning analysis shortly, but worth pointing some large one-day moves in open interest on Friday, alongside a big miss in US employment data and a day after the Bank of England meeting. Largely short setting and long reductions seen Friday based on OI and price changes; OATs and Gilts saw the largest % changes in OI.

  • OAT - Set Shorts. OI +2.4%, biggest 1-day increase since Sep 24 2020 (excluding roll periods)
  • Gilt - Short Cover. OI -1.2%, biggest 1-day drop since April 7 (excluding roll periods)
  • Schatz - Reduce Longs.
  • Bobl - Reduce Longs.
  • Bund - Set Shorts.
  • Buxl - Set Shorts.
  • BTP - Set Shorts.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.