Free Trial

OI Points To Mix Of Positioning Swings On Futures Strip On Thursday

EURIBOR

Thursday's general downtick in Euribor futures (only ERU4 & Z4 finished higher come settlement time) and OI data points to the following positioning swings:

  • Whites: An apparent mix of long cover (ERH4), short setting (ERM4), long setting (ERU4) & short cover (ERZ4), with little change in net pack OI.
  • Reds: An apparent mix of net long cover (ERH5 & M5) and net short setting (ERU5 & Z5), with the latter slightly more meaningful in net pack OI terms.
  • Greens: Net short setting was seemingly seen across all contracts.
  • Blues: What seemed to be a mix of net short setting (ERH7 & Z7) & long cover (ERM7 & U7), with the rounds of net long cover slightly more prominent.
18-Jan-2417-Jan-24Daily OI ChangeDaily OI Change In Packs
ERH4817,546824,923-7,377Whites-825
ERM4697,258685,726+11,532Reds+1,189
ERU4481,808481,686+122Greens+12,702
ERZ4437,469442,571-5,102Blues-1,289
ERH5382,836384,388-1,552
ERM5345,043346,626-1,583
ERU5257,331255,139+2,192
ERZ5272,662270,530+2,132
ERH6184,542181,748+2,794
ERM6119,754115,094+4,660
ERU694,02591,108+2,917
ERZ6103,917101,586+2,331
ERH767,07366,318+755
ERM747,03148,914-1,883
ERU737,34937,682-333
ERZ754,17954,007+172
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.