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OI Points To Limited Positioning Swings In SONIA Futures Ahead Of Weekend

STIR

Friday's price movement in SONIA futures and OI data point to fairly limited positioning swings ahead of the weekend.

  • The most notable swing seemed to come via what looked like net short cover across all red pack contracts.
  • Wider core global FI market moves generally drove BoE pricing on Friday, with BoE Dec '24 OIS showing between 60 -70bp cuts for most of the session.
23-Feb-2422-Feb-24Daily OI ChangeDaily OI Change In Packs
SFIZ3187,458186,809+649Whites-1,094
SFIH4202,354203,228-874Reds-9,008
SFIM4244,190242,088+2,102Greens+3,348
SFIU4220,233223,204-2,971Blues-2,265
SFIZ4297,078301,878-4,800
SFIH5170,103172,347-2,244
SFIM5136,521137,426-905
SFIU5114,271115,330-1,059
SFIZ5134,144131,673+2,471
SFIH688,47188,434+37
SFIM664,96264,265+697
SFIU642,57142,428+143
SFIZ653,16553,416-251
SFIH739,06540,289-1,224
SFIM728,86329,068-205
SFIU719,24319,828-585
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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