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OI Points To Mix Of Short Setting & Long Cover In Futures Ahead Of Weekend

EURIBOR

Friday's modest downtick in most Euribor futures and OI data points to net short setting as the dominant positioning factor in the whites, reds and blues, while net long cover appeared to dominate in the greens.

  • Spill over from U.S. pricing re: the Fed outlook dominated on Friday, with ECB speak generally centring on June re: the timing of the first rate cut, failing to move the needle.
15-Mar-2414-Mar-24Daily OI ChangeDaily OI Change In Packs
ERH4906,871903,531+3,340Whites+22,484
ERM4698,819687,264+11,555Reds+4,010
ERU4435,829433,887+1,942Greens-22,262
ERZ4488,484482,837+5,647Blues+4,665
ERH5346,107349,506-3,399
ERM5298,016293,873+4,143
ERU5257,001257,043-42
ERZ5318,496315,188+3,308
ERH6198,658217,659-19,001
ERM6163,506158,304+5,202
ERU6119,797120,674-877
ERZ6109,692117,278-7,586
ERH781,35376,629+4,724
ERM766,14264,506+1,636
ERU744,11644,562-446
ERZ756,78358,032-1,249
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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