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

EURIBOR

The combination of yesterday's uptick in Euribor futures and OI data points to net short cover as the dominant positioning factor through the reds, while modest net long setting was in the greens and blues.

  • European data (firmer-than-exp. German ZEW expectations & softer Q4 Eurozne labour costs) had little net impact.
  • ECB speak failed to move the needle.
19-Mar-2418-Mar-24Daily OI ChangeDaily OI Change In Packs
ERM4700,008705,318-5,310Whites-16,691
ERU4424,259426,274-2,015Reds-17,891
ERZ4483,529491,441-7,912Greens+2,694
ERH5343,075344,529-1,454Blues+372
ERM5287,919300,863-12,944
ERU5252,647256,786-4,139
ERZ5321,821319,853+1,968
ERH6197,059199,835-2,776
ERM6164,695165,717-1,022
ERU6117,661118,383-722
ERZ6108,527106,459+2,068
ERH792,33989,969+2,370
ERM768,59668,085+511
ERU747,84248,437-595
ERZ757,06656,819+247
ERH834,14233,933+209
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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