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OI Points To Limited Positioning Movement Ahead Of NFPs

US TSY FUTURES

Yesterday's twist steepening of the U.S Tsy futures curve and preliminary OI data points to the following net positioning swings as markets assessed the latest ECB decision and day two of Fed Chair Powell’s semi-annual testimony:

  • Net long setting: TU, TY & UXY
  • Net short cover: FV & US
  • Net long cover: WN
  • The impending U.S. NFP release may have limited fresh position setting.
07-Mar-2406-Mar-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU3,650,9663,623,949+27,017+1,053,863
FV5,781,9865,785,736-3,750-162,346
TY4,272,5584,244,751+27,807+1,855,879
UXY2,045,4432,039,975+5,468+494,255
US1,473,9121,474,015-103-13,992
WN1,585,4801,593,996-8,516-1,834,899
Total+47,923+1,392,761
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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