GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EURIBOR: Net Short Setting Dominated During Wednesday's Sharp Sell-off

EURIBOR
BulletEurozoneFixed Income BulletsMarkets

OI data suggests net short setting dominated in Euribor futures on Wednesday, with only a few pockets of long cover seen across the strip.

  • Futures settled -4.5 to -36.0 ticks through the blues, amid a monumental sell-off in European rates markets following incoming German Chancellor Scholz’s fiscal announcements late Tuesday.
  • The largest net OI swing was seen in the M5 contract, where ~62k of indicative net shorts were added. Z5 also saw 31k of net shorts added, while Z6 saw 31k of net longs covered.
 05/03/202504/03/2025Daily OI Change Daily OI Change In Packs
ERH5532,493539,589-7,096Whites+73,645
ERM5871,642810,021+61,621Reds-12,617
ERU5561,951574,236-12,285Greens +5,964
ERZ5637,797606,392+31,405Blues+2,844
ERH6447,483434,644+12,839  
ERM6342,380339,883+2,497  
ERU6261,737258,203+3,534  
ERZ6314,154345,641-31,487  
ERH7182,462178,807+3,655  
ERM7149,520145,074+4,446  
ERU7115,784121,997-6,213  
ERZ7133,254129,178+4,076  
ERH863,60763,149+458  
ERM848,50246,783+1,719  
ERU835,59132,985+2,606  
ERZ843,70145,640-1,939  
104 words

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.

OI data suggests net short setting dominated in Euribor futures on Wednesday, with only a few pockets of long cover seen across the strip.

  • Futures settled -4.5 to -36.0 ticks through the blues, amid a monumental sell-off in European rates markets following incoming German Chancellor Scholz’s fiscal announcements late Tuesday.
  • The largest net OI swing was seen in the M5 contract, where ~62k of indicative net shorts were added. Z5 also saw 31k of net shorts added, while Z6 saw 31k of net longs covered.
 05/03/202504/03/2025Daily OI Change Daily OI Change In Packs
ERH5532,493539,589-7,096Whites+73,645
ERM5871,642810,021+61,621Reds-12,617
ERU5561,951574,236-12,285Greens +5,964
ERZ5637,797606,392+31,405Blues+2,844
ERH6447,483434,644+12,839  
ERM6342,380339,883+2,497  
ERU6261,737258,203+3,534  
ERZ6314,154345,641-31,487  
ERH7182,462178,807+3,655  
ERM7149,520145,074+4,446  
ERU7115,784121,997-6,213  
ERZ7133,254129,178+4,076  
ERH863,60763,149+458  
ERM848,50246,783+1,719  
ERU835,59132,985+2,606  
ERZ843,70145,640-1,939