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OI Indicates Short Setting Dominated On Monday

EURIBOR

The combination of yesterday's move lower in Euribor futures and OI data points to net short setting across all packs through the blues on Monday. There were some pockets of net long cover seen, most prominently in the reds, where 3/4 contracts were seemingly subjected to net long cover.

05-Feb-2402-Feb-24Daily OI ChangeDaily OI Change In Packs
ERH4858,036840,209+17,827Whites+16,496
ERM4652,442653,270-828Reds+2,294
ERU4446,666453,743-7,077Greens+3,045
ERZ4434,392427,818+6,574Blues+1,166
ERH5391,074391,078-4
ERM5345,146351,711-6,565
ERU5259,092259,151-59
ERZ5301,663292,741+8,922
ERH6192,769193,772-1,003
ERM6122,602121,263+1,339
ERU6109,008105,680+3,328
ERZ6101,091101,710-619
ERH773,24671,973+1,273
ERM758,04257,207+835
ERU747,27246,565+707
ERZ761,42463,073-1,649
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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