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OI Indicates Mix Of SONIA Futures Positioning Swings On Thursday

STIR

The combination of the twist flattening of the SONIA futures strip and OI data point to the following positioning swings on Thursday:

  • Whites: A mix of net long cover, short setting, short cover and long setting.
  • Reds: Net long setting seemed to be the dominant factor, outside of one round of aPPARENT net short cover.
  • Greens & Blues: Rounds of net long setting and net short cover essentially offset in both packs.
15-Feb-2414-Feb-24Daily OI ChangeDaily OI Change In Packs
SFIZ3186,936187,546-610Whites+3,755
SFIH4213,131209,428+3,703Reds+12,179
SFIM4217,812222,417-4,605Greens-379
SFIU4223,791218,524+5,267Blues+869
SFIZ4286,713276,859+9,854
SFIH5169,702172,423-2,721
SFIM5140,546136,598+3,948
SFIU5106,532105,434+1,098
SFIZ5129,423130,511-1,088
SFIH688,26389,453-1,190
SFIM663,34162,291+1,050
SFIU642,44041,591+849
SFIZ649,47150,048-577
SFIH738,14037,886+254
SFIM728,97728,532+445
SFIU717,95817,211+747
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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