Free Trial

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
146 words

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.

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