Free Trial

OI Points To Mix Of Modest Long Setting & Short Cover On Monday

US TSY FUTURES

Yesterday’s uptick in Tsy futures and preliminary OI data point to modest net long setting in some contracts (TU, TY, UXY & WN) and limited net short cover in others (FV & US). The former provided the dominant positioning factor on the curve, but the net swing was contained.

  • The positioning move came in the wake of Friday’s notable short covering.
  • Spill overs from EGBs and block flow aided Monday’s rally, although Tsy futures volume was relatively subdued.
29-Apr-2426-Apr-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,086,3204,080,930+5,390+194,067
FV5,998,8836,005,531-6,648-272,012
TY4,452,6234,432,980+19,643+1,238,630
UXY2,067,4892,056,607+10,882+923,209
US1,558,7971,561,927-3,130-390,617
WN1,634,1111,630,442+3,669+699,521
Total+29,806+2,392,797
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.