Free Trial

OI Points to Mix Of SOFR Futures Positioning Swings On Tuesday

STIR

The combination of yesterday’s twist steepening of the SOFR futures strip and OI data points to a mix of positioning swings, with net short cover seemingly dominating in the whites and reds. Net short setting seemingly dominated in the greens, while net long cover was seen in the blues.

02-Apr-2401-Apr-24Daily OI ChangeDaily OI Change In Packs
SFRH4963,009965,890-2,881Whites-23,912
SFRM41,200,3721,212,803-12,431Reds-2,830
SFRU4992,6981,006,611-13,913Greens+14,333
SFRZ41,144,7311,139,418+5,313Blues-12,722
SFRH5718,503721,903-3,400
SFRM5783,525795,938-12,413
SFRU5667,969658,773+9,196
SFRZ5657,535653,748+3,787
SFRH6494,214490,433+3,781
SFRM6521,029514,295+6,734
SFRU6371,330371,224+106
SFRZ6344,263340,551+3,712
SFRH7233,845236,286-2,441
SFRM7193,252200,013-6,761
SFRU7157,220157,111+109
SFRZ7196,288199,917-3,629
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.