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OI Points To Light Net Short Setting Bias On Thursday

US TSYS

The combination of yesterday's weakness across the Tsy futures curve and preliminary OI data points to a mix of net short setting (TU, TY, US & WN) & net long cover (FV & UXY), with the former dominating in net DV01 equivalent OI curve terms.

  • A reminder that U.S. weekly jobless claims data, wider central bank speak and an uptick in oil futures factored into yesterday's weakness in Tsys.
08-Feb-2407-Feb-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU3,961,7303,952,102+9,628+353,197
FV5,810,4955,822,104-11,609-489,541
TY4,677,4434,670,260+7,183+454,145
UXY2,182,4322,187,697-5,265-474,926
US1,424,7211,422,544+2,177+290,551
WN1,659,6781,648,351+11,327+2,364,606
Total+13,441+2,498,032
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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