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OI Points To Mix Of Fresh Shorts & Long Cover In SOFR On Wednesday

STIR

The combination of yesterday’s light bear steepening of the SOFR strip and preliminary OI data indicates that net long cover was the dominant positioning move in the whites, while net short setting was seemingly seen in the reds through blues.

16-Aug-2315-Aug-23Daily OI ChangeDaily OI Change In Packs
SFRM31,124,3291,124,022+307Whites-33,856
SFRU31,060,6721,086,672-26,000Reds+12,824
SFRZ31,230,5421,249,506-18,964Greens+4,398
SFRH4914,695903,894+10,801Blues+7,383
SFRM4835,986836,084-98
SFRU4775,890775,901-11
SFRZ4757,017746,807+10,210
SFRH5529,122526,399+2,723
SFRM5624,444619,747+4,697
SFRU5480,508478,559+1,949
SFRZ5437,813435,599+2,214
SFRH6272,707277,169-4,462
SFRM6223,177221,079+2,098
SFRU6155,212152,116+3,096
SFRZ6180,093178,484+1,609
SFRH7132,655132,075+580
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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