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OI Data Indicates Setting Of Fresh Shorts In SOFR Dominated On Tuesday

STIR

The combination of Tuesday’s price action and preliminary open interest data point to the trimming of longs and addition of shorts as the driving factors from a positioning sense. The whites, greens and blues saw fresh shorts added on net, while the reds saw longs reduced on net. The net addition of shorts across the whites, greens and blues outweighed the trimming of longs in the reds in size terms, with the greens seeing the most notable net OI swing.

25-Jul-2324-Jul-23Daily OI ChangeDaily OI Change In Packs
SFRM31,120,3841,120,696-312Whites+15,661
SFRU31,102,9301,100,586+2,344Reds-14,046
SFRZ31,317,2391,303,877+13,362Greens+29,365
SFRH4856,904856,637+267Blues+4,675
SFRM4769,260777,495-8,235
SFRU4752,571753,772-1,201
SFRZ4758,589763,484-4,895
SFRH5531,561531,276+285
SFRM5489,644482,366+7,278
SFRU5420,139411,250+8,889
SFRZ5335,455327,188+8,267
SFRH6243,325238,394+4,931
SFRM6183,596181,372+2,224
SFRU6147,297144,269+3,028
SFRZ6169,606170,917-1,311
SFRH7123,774123,040+734
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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