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OI Points To Mix Of Long Setting & Short Cover In Futures On Tuesday

EURIBOR

The combination of yesterday’s rally in Euribor futures and OI data points to net short cover in the whites and reds, while net OI was little changed in the greens and blues as rounds of net short cover and net long setting essentially offset.

  • U.S.-centric issues were a major driver of yesterday’s rally (continued weakness in Apple equities and a relatively soft ISM services release).
05-Mar-2404-Mar-24Daily OI ChangeDaily OI Change In Packs
ERH4908,281922,185-13,904Whites-19,927
ERM4688,618690,040-1,422Reds-12,203
ERU4425,200419,960+5,240Greens-123
ERZ4477,064486,905-9,841Blues-142
ERH5362,369362,543-174
ERM5283,318284,472-1,154
ERU5249,195251,833-2,638
ERZ5305,481313,718-8,237
ERH6206,060205,346+714
ERM6144,136147,670-3,534
ERU6116,581114,516+2,065
ERZ6108,580107,948+632
ERH773,23072,104+1,126
ERM764,25366,254-2,001
ERU749,65750,117-460
ERZ761,42960,236+1,193
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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