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OI Points To Mix Of Short Setting & Long Cover In Futures On Tuesday

EURIBOR

The combination of yesterday's move lower in Euribor futures (As of settlement time) and OI data points to a mix of net short setting and long cover, although net OI swings in both individual contract and pack terms were relatively contained on Tuesday. Net long cover was seemingly seen in the whites and reds (in pack terms), while positioning swings in the greens and blues were seemingly tilted towards net short setting.

30-Jan-2429-Jan-24Daily OI ChangeDaily OI Change In Packs
ERH4811,709806,627+5,082Whites-5,376
ERM4725,781720,338+5,443Reds-5,347
ERU4493,274499,641-6,367Greens+5,613
ERZ4439,701449,235-9,534Blues+3,207
ERH5391,437391,019+418
ERM5370,053372,526-2,473
ERU5263,951262,976+975
ERZ5294,533298,800-4,267
ERH6196,955195,989+966
ERM6123,210120,289+2,921
ERU6101,820100,345+1,475
ERZ6100,387100,136+251
ERH769,19167,560+1,631
ERM758,97958,944+35
ERU746,22445,646+578
ERZ761,60960,646+963
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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