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STIR: Mix Of Long Cover & Long Setting Seen In SOFR Futures Thursday

STIR

Long cover seemed to dominate in the 3 front SOFR futures on Thursday, with some focus on year-end funding pressures evident.

  • The late rally in the long end provided support further out the SOFR strip, with net long setting more prominent in the greens and blues.

 

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Long cover seemed to dominate in the 3 front SOFR futures on Thursday, with some focus on year-end funding pressures evident.

  • The late rally in the long end provided support further out the SOFR strip, with net long setting more prominent in the greens and blues.

 

Keep reading...Show less