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EURIBOR: Mix Of Net Short Setting And Net Long Cover Seen On Friday

EURIBOR

OI data points to a mix of net short setting and net long cover in Euribor futures on Friday. Futures settled -0.5 to -3.0 ticks through the blues, partially due to prospects of a less-onerous-than-expected US reciprocal tariff regime (announced late Thursday).

  • The largest net pack OI swing was seen in the reds (-14.3k), driven by ~18.5k of net long cover in the H6 contract.
  • Meanwhile, there was 20.2k of indicative net long cover seen in the M5 contract.
 14/02/202513/02/2025Daily OI Change Daily OI Change In Packs
ERH5576,160567,935+8,225Whites-7,782
ERM5712,236732,470-20,234Reds-14,349
ERU5560,303554,445+5,858Greens -2,948
ERZ5622,006623,637-1,631Blues+3,916
ERH6408,117426,620-18,503  
ERM6342,190340,644+1,546  
ERU6264,633266,324-1,691  
ERZ6330,859326,560+4,299  
ERH7168,388169,662-1,274  
ERM7133,844132,031+1,813  
ERU795,83295,731+101  
ERZ7117,781121,369-3,588  
ERH859,82459,421+403  
ERM846,63345,587+1,046  
ERU833,80532,037+1,768  
ERZ846,13245,433+699  
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OI data points to a mix of net short setting and net long cover in Euribor futures on Friday. Futures settled -0.5 to -3.0 ticks through the blues, partially due to prospects of a less-onerous-than-expected US reciprocal tariff regime (announced late Thursday).

  • The largest net pack OI swing was seen in the reds (-14.3k), driven by ~18.5k of net long cover in the H6 contract.
  • Meanwhile, there was 20.2k of indicative net long cover seen in the M5 contract.
 14/02/202513/02/2025Daily OI Change Daily OI Change In Packs
ERH5576,160567,935+8,225Whites-7,782
ERM5712,236732,470-20,234Reds-14,349
ERU5560,303554,445+5,858Greens -2,948
ERZ5622,006623,637-1,631Blues+3,916
ERH6408,117426,620-18,503  
ERM6342,190340,644+1,546  
ERU6264,633266,324-1,691  
ERZ6330,859326,560+4,299  
ERH7168,388169,662-1,274  
ERM7133,844132,031+1,813  
ERU795,83295,731+101  
ERZ7117,781121,369-3,588  
ERH859,82459,421+403  
ERM846,63345,587+1,046  
ERU833,80532,037+1,768  
ERZ846,13245,433+699