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OI Points To Light Net Long Setting In Most Contracts On Wednesday

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

The combination of Wednesday’s recovery in Tsy futures and preliminary OI points to mostly modest net long setting on the curve, with only a limited round of apparent net short cover in FV futures breaking that trend.

  • The net OI swings were limited on the day, a theme that has been seen in most contracts this week, suggesting relatively low overall conviction after the recent hawkish adjustments re: the Fed policy outlook.
17-Apr-2416-Apr-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,009,9903,987,219+22,771+834,626
FV5,996,7746,009,746-12,972-535,818
TY4,441,8874,434,135+7,752+492,742
UXY2,064,9022,062,117+2,785+238,192
US1,549,3121,545,260+4,052+509,491
WN1,610,4211,608,434+1,987+384,285
Total+26,375+1,923,517
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The combination of Wednesday’s recovery in Tsy futures and preliminary OI points to mostly modest net long setting on the curve, with only a limited round of apparent net short cover in FV futures breaking that trend.

  • The net OI swings were limited on the day, a theme that has been seen in most contracts this week, suggesting relatively low overall conviction after the recent hawkish adjustments re: the Fed policy outlook.
17-Apr-2416-Apr-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,009,9903,987,219+22,771+834,626
FV5,996,7746,009,746-12,972-535,818
TY4,441,8874,434,135+7,752+492,742
UXY2,064,9022,062,117+2,785+238,192
US1,549,3121,545,260+4,052+509,491
WN1,610,4211,608,434+1,987+384,285
Total+26,375+1,923,517