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OI Points To Net Long Setting Through Blue Packs On Thursday

EURIBOR

Yesterday's move higher in Euribor futures and OI data points to net long setting as the dominant positioning factor through the blues.

  • Pockets of net short cover were also seen.
  • Net pack OI swings were limited outside of the reds.
  • Feedthrough from the BoE & SNB decisions supported euribor futures, although U.S. inflation components within the latest survey data limited the rally.
21-Mar-2420-Mar-24Daily OI ChangeDaily OI Change In Packs
ERM4690,562694,429-3,867Whites+1,239
ERU4427,265423,971+3,294Reds+10,654
ERZ4476,728476,923-195Greens+740
ERH5350,346348,339+2,007Blues+979
ERM5294,922290,980+3,942
ERU5266,052257,502+8,550
ERZ5321,841326,225-4,384
ERH6201,550199,004+2,546
ERM6161,837162,458-621
ERU6116,322115,141+1,181
ERZ6110,581111,463-882
ERH794,99793,935+1,062
ERM772,78671,830+956
ERU747,02747,894-867
ERZ757,59456,394+1,200
ERH834,16434,474-310
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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