Free Trial

OI Points To Mix Of Short Setting & Long Cover Across Euribor Futures Strip On Friday

EURIBOR

The combination of Friday's move lower in Euribor futures and OI data point to the following positioning swings on the Euribor futures strip into the weekend:

  • Whites: An apparent mix of net long cover (ERM4) and short setting (ERZ4). It is harder to be sure when it comes to positioning swings in ERH4 & U4, given their unchanged net price status on the day.
  • Reds: Net short setting was seemingly seen across all contracts in the pack.
  • Greens: An apparent mix of net short setting (ERH6 & U6) and long cover (ERM6 & Z6), with the latter dominating.
  • Blues: An apparent mix of net long cover (ERH7 & Z7) and short setting (ERM7 & U7), with the former dominating in net pack terms.
26-Jan-2425-Jan-24Daily OI ChangeDaily OI Change In Packs
ERH4800,393803,513-3,120Whites-7,310
ERM4740,650749,156-8,506Reds+20,696
ERU4488,797485,579+3,218Greens-4,874
ERZ4464,083462,985+1,098Blues-2,387
ERH5394,173387,803+6,370
ERM5367,399364,787+2,612
ERU5267,336263,262+4,074
ERZ5296,312288,672+7,640
ERH6192,575192,012+563
ERM6118,177119,309-1,132
ERU699,81197,803+2,008
ERZ6100,140106,453-6,313
ERH766,80771,017-4,210
ERM759,09157,356+1,735
ERU745,39845,139+259
ERZ759,40759,578-171
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.