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OI Points To Mix Of Net Short Setting & Long Cover During Wednesday’s Sell Off

US TSY FUTURES

OI data points to net short setting dominating from a positioning perspective during Wednesday’s sell off.

  • Net short setting across FV, TY & UXY comfortably outweighed net long cover in TU, US & WN.
  • A reminder that the recent rally saw heavy rounds of net long setting across the curve. Those positions could come under pressure if broader risk sentiment recovers further in the coming sessions.
07-Aug-2406-Aug-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,396,4554,405,536-9,081-338,079
FV6,640,6516,598,519+42,132+1,793,859
TY4,893,9694,854,226+39,743+2,596,446
UXY2,152,2012,119,739+32,462+2,989,062
US1,741,0771,750,546-9,469-1,298,532
WN1,669,9751,671,566-1,591-341,000
Total+94,196+5,401,755
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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