MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OI Points To Mix Of Short Cover & Long Setting On Wednesday

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

The combination of yesterday’s post-data move higher in Tsy futures and preliminary OI readings point to a mix of relatively contained net long setting and short cover across the curve.

  • We flagged a more balanced positioning set up heading into the data (at least when compared to the pre-NFP setup), this is probably reflected in the post-data net OI adjustments.
  • Net long setting seemed to be seen in TU, FV, TY, US & WN futures, with net short cover only witnessed in UXY futures.
15-May-2414-May-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,036,2894,031,523+4,766+168,722
FV6,252,4286,200,591+51,837+2,132,828
TY4,402,5844,395,741+6,843+438,614
UXY2,128,4302,143,636-15,206-1,320,345
US1,618,5301,603,924+14,606+1,900,644
WN1,673,4761,656,515+16,961+84,805
Total+79,807+3,405,268
127 words

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.

The combination of yesterday’s post-data move higher in Tsy futures and preliminary OI readings point to a mix of relatively contained net long setting and short cover across the curve.

  • We flagged a more balanced positioning set up heading into the data (at least when compared to the pre-NFP setup), this is probably reflected in the post-data net OI adjustments.
  • Net long setting seemed to be seen in TU, FV, TY, US & WN futures, with net short cover only witnessed in UXY futures.
15-May-2414-May-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,036,2894,031,523+4,766+168,722
FV6,252,4286,200,591+51,837+2,132,828
TY4,402,5844,395,741+6,843+438,614
UXY2,128,4302,143,636-15,206-1,320,345
US1,618,5301,603,924+14,606+1,900,644
WN1,673,4761,656,515+16,961+84,805
Total+79,807+3,405,268