September 18, 2023 10:03 GMT
OI Points To Mixed SOFR Positioning Swings On Friday, Short Cover In SFRU3 The Most Notable
The combination of Friday’s price action and preliminary open interest data point to the following positioning swings:
- The whites seemingly saw mixed moves. The unchanged status of SFRM3 and SFRZ3 reveals little in the way of clues re: positioning swings. SFRU3 ticked higher on the day, while open interest in the contract saw a notable fall, which points to short cover being at work. SFRH4 ticked lower, with OI also lower, pointing to a reduction in longs in net terms.
- Apparent reduction in longs across the reds.
- Net short setting in both the green and the blue packs.
|15-Sep-23||14-Sep-23||Daily OI Change||Daily OI Change In Packs|