Free Trial

OI Points To Limited Positioning Moves On Tuesday

US TSY FUTURES

Yesterday’s sell off in Tsy futures and preliminary open interest data points to a mix of net short setting (TU, FV, UXY, US & WN) and net long cover (TY), although the moves largely offset, leaving net curve OI little changed on the day.

  • A reminder that Tsys were pressured by the latest ‘hawkish’ data input as the Q1 ECI reading printed above expectations.
  • We will provide further colour on broader Tsy market positioning ahead of today's FOMC decision.
30-Apr-2429-Apr-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,100,4664,086,318+14,148+508,099
FV6,007,9625,998,771+9,191+374,834
TY4,409,4134,451,536-42,123-2,644,328
UXY2,067,7232,067,493+230+19,405
US1,571,8591,558,590+13,269+1,645,068
WN1,639,4131,634,091+5,322+1,004,992
Total+37+908,069
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.