STIR: Net Long Setting Further Out The Strip Dominated Following NFP Data
OI data suggests that net long setting in SFRH6 through SFRU7 dominated from a positioning standpoint in the wake of Friday’s NFP release, although it was net short cover in SFRZ5 that provided the single largest net positioning swing.
- We will provide greater colour on STIRs and the latest Fed pricing run in an upcoming STIR bullet.
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06-Dec-24
05-Dec-24
Daily OI Change
Daily OI Change In Packs
SFRU4
1,232,323
1,260,057
-27,734
Whites
-6,892
SFRZ4
1,310,083
1,297,497
+12,586
Reds
+5,002
SFRH5
1,075,487
1,068,155
+7,332
Greens
+40,099
SFRM5
987,585
986,661
+924
Blues
+8,361
SFRU5
824,651
805,361
+19,290
SFRZ5
896,402
922,725
-26,323
SFRH6
560,493
555,083
+5,410
SFRM6
605,644
599,019
+6,625
SFRU6
642,550
632,506
+10,044
SFRZ6
714,210
692,399
+21,811
SFRH7
419,262
416,715
+2,547
SFRM7
358,155
352,458
+5,697
SFRU7
293,220
286,526
+6,694
SFRZ7
287,297
288,898
-1,601
SFRH8
200,859
198,380
+2,479
SFRM8
154,546
153,757
+789