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OI Points To Mix Of SONIA Positioning Swings On Thursday

STIR

The combination of the twisting of the SONIA futures strip come settlement time on Thursday and preliminary OI data point to the following positioning swings.

  • Whites: The uptick in prices across most of the pack points to longs being added in all contracts, although it is hard to be certain with SFIZ3 given the lack of net price movement come settlement.
  • Reds, Greens & Blues: Short setting seemed to dominate, with pockets of long cover seen.
  • The session was bereft of meaningful domestic headline flow, which left global macro and geopolitical matters at the fore.
11-Jan-2410-Jan-24Daily OI ChangeDaily OI Change In Packs
SFIZ3200,177199,823+354Whites+13,218
SFIH4218,638211,154+7,484Reds+14,143
SFIM4173,025171,087+1,938Greens+2,434
SFIU4162,452159,010+3,442Blues+726
SFIZ4257,754247,712+10,042
SFIH5143,884142,450+1,434
SFIM5120,614118,723+1,891
SFIU589,58788,811+776
SFIZ5101,52098,399+3,121
SFIH687,11787,304-187
SFIM653,37953,874-495
SFIU638,67238,677-5
SFIZ642,70342,425+278
SFIH730,11529,742+373
SFIM716,20416,222-18
SFIU711,19811,105+93
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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