Free Trial

OI Points To Mix Of Short Setting & Long Cover on Wednesday

US TSY FUTURES

The combination of yesterday’s downtick in Tsy futures and preliminary OI data points to a mix of net short setting (TU, FV & UXY) and net long cover (TY, US & WN) on the day, which essentially balanced out in terms of the net curve DV01 equivalent OI change.

  • Bids derived from strong demand metrics at the latest round of 10-Year Tsy supply and NYC Bancorp worry ultimately faded into the close. Fedspeak helped cap/counter the richening, as did a late block sale in the futures space.
07-Feb-2406-Feb-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU3,952,7103,935,061+17,649+637,278
FV5,821,9685,818,638+3,330+141,089
TY4,672,1214,677,098-4,977-316,223
UXY2,187,7742,183,446+4,328+392,597
US1,423,9771,424,410-433-58,245
WN1,648,5621,650,534-1,972-414,888
Total+17,925+381,608
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.