February 26, 2025 12:25 GMT
EURIBOR: Limited Pack-level Positioning Swings On Tuesday
EURIBOR
OI data points to limited pack-level positioning swings in Euribor futures on Tuesday, with a mix of net long setting and net short cover generally observed.
- Only three contracts (M5, Z5 and U7) saw a daily OI change of more than 5,000.
- Z5 has now seen four consecutive sessions of indicative net long setting.
- Yesterday’s dovish flow in Z5 included: 98.25/98.625cs vs 97.75p, bought the cs for -0.75 in 8k (ref 98.05) and 98.50/98.75cs, bought for 3.5 in 40k total.
25/02/2025 | 24/02/2025 | Daily OI Change | Daily OI Change In Packs | ||
ERH5 | 562,613 | 561,690 | +923 | Whites | +344 |
ERM5 | 728,933 | 735,697 | -6,764 | Reds | +70 |
ERU5 | 578,886 | 578,200 | +686 | Greens | +1,532 |
ERZ5 | 648,390 | 642,891 | +5,499 | Blues | -3,732 |
ERH6 | 423,200 | 420,454 | +2,746 | ||
ERM6 | 347,553 | 349,157 | -1,604 | ||
ERU6 | 270,097 | 270,131 | -34 | ||
ERZ6 | 337,657 | 338,695 | -1,038 | ||
ERH7 | 169,422 | 169,342 | +80 | ||
ERM7 | 135,766 | 139,194 | -3,428 | ||
ERU7 | 109,977 | 104,520 | +5,457 | ||
ERZ7 | 119,934 | 120,511 | -577 | ||
ERH8 | 60,829 | 60,867 | -38 | ||
ERM8 | 46,529 | 48,405 | -1,876 | ||
ERU8 | 39,147 | 38,101 | +1,046 | ||
ERZ8 | 43,685 | 46,549 | -2,864 |
Keep reading...Show less
98 words