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OI Points To Light Short Setting In Net Terms On Thursday

US TSY FUTURES

The combination of yesterday’s weakness in Tsy futures and preliminary OI data points to a mix of short setting and long cover on Thursday.

  • Spill over from bearish price action in European/UK peers, the impact of robust U.S. labour market data and continued repricing of expectations re: global central banks, was in the driving seat ahead of today’s NFP & ISM services survey releases.
  • Positioning saw a light bias towards net short setting in DV01 equivalent terms, with only TU and WN seemingly seeing net long cover on the day.
04-Jan-2403-Jan-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU3,765,9703,770,457-4,487-172,841
FV5,764,0435,747,702+16,341+706,392
TY4,611,0304,610,320+710+45,827
UXY2,082,2052,081,577+628+57,854
US1,429,9061,422,652+7,254+994,831
WN1,670,9591,672,230-1,271-275,510
Total+19,175+1,356,553
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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