January 28, 2025 15:56 GMT
EURIBOR: OI Data Suggests Net Short Cover Dominated On Monday
EURIBOR
OI data suggests net short cover dominated in the Euribor strip on Monday, though pockets of indicative net long setting were seen in places. Euribor futures settled +0.5 to +2.5 ticks through the blues yesterday. Risk-off trade was evident across global markets following Chinese tech firm DeepSeek's AI advancements weighing on U.S. tech megacaps.
- The largest OI swings were seen in Z5 (+6.7k) and H6 (-10.7k) contracts.
- The Whites saw a small net OI swing of -1.7k, dwarfed by Friday’s -45.8k move amidst the stronger-than-expected Eurozone January flash PMIs.
27/01/2025 | 24/01/2025 | Daily OI Change | Daily OI Change In Packs | ||
ERH5 | 598,190 | 593,928 | +4,262 | Whites | -1,691 |
ERM5 | 689,402 | 698,586 | -9,184 | Reds | -14,762 |
ERU5 | 521,996 | 525,511 | -3,515 | Greens | -3,063 |
ERZ5 | 658,865 | 652,119 | +6,746 | Blues | -6,009 |
ERH6 | 400,952 | 411,606 | -10,654 | ||
ERM6 | 343,113 | 345,656 | -2,543 | ||
ERU6 | 271,315 | 273,805 | -2,490 | ||
ERZ6 | 294,390 | 293,465 | +925 | ||
ERH7 | 160,137 | 161,773 | -1,636 | ||
ERM7 | 127,715 | 129,372 | -1,657 | ||
ERU7 | 98,834 | 98,666 | +168 | ||
ERZ7 | 130,607 | 130,545 | +62 | ||
ERH8 | 51,536 | 52,696 | -1,160 | ||
ERM8 | 40,765 | 41,842 | -1,077 | ||
ERU8 | 25,410 | 26,504 | -1,094 | ||
ERZ8 | 44,465 | 47,143 | -2,678 |
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