Free Trial

OI Points To Mix Of Positioning Swings As Curve Twist Flattened On Friday

US TSY FUTURES

The combination of Friday’s price action and preliminary open interest data point to a marginal addition of OI across the Tsy curve (in DV01 adjusted terms) ahead of the weekend.

  • A quick reminder that the Tsy curve twist flattened on Friday.
  • Indications point to net long covering in both TU & TY futures.
  • There was apparent net setting of fresh shorts in FV futures.
  • UXY & WN futures seemingly saw net fresh longs added.
  • US futures seemingly saw net short cover.
08-Sep-2307-Sep-23Daily OI ChangeOI DV01 Equivalent Change ($)
TU3,621,2383,622,067-829-32,074
FV5,367,9095,355,764+12,145+519,211
TY4,670,3804,683,727-13,347-874,002
UXY1,769,2631,760,166+9,097+837,421
US1,328,6621,333,291-4,629-621,977
WN1,525,5521,524,470+1,082+223,299
Total+3,519+51,878
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.