April 18, 2024 09:43 GMT
OI Points To Light Net Long Setting In Most Contracts On Wednesday
US TSY FUTURES
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-24 | 16-Apr-24 | Daily OI Change | OI DV01 Equivalent Change ($) | |
TU | 4,009,990 | 3,987,219 | +22,771 | +834,626 |
FV | 5,996,774 | 6,009,746 | -12,972 | -535,818 |
TY | 4,441,887 | 4,434,135 | +7,752 | +492,742 |
UXY | 2,064,902 | 2,062,117 | +2,785 | +238,192 |
US | 1,549,312 | 1,545,260 | +4,052 | +509,491 |
WN | 1,610,421 | 1,608,434 | +1,987 | +384,285 |
Total | +26,375 | +1,923,517 |
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