MNI BRIEF: China Slowdown Tops Concerns Of European Firms

MNI: PBOC Net Injects CNY2 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1011 Fri; -4.13% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1011 FRI VS 7.1028

MNI: BANXICO HOLDS RATES STEADY AT 11%

April Inflation Provides Support To Norges Bank’s Hawkish Tilt

MNI: UK MAR CONSTRUCTION OUTPUT -0.4% MM, -0.9% 3M3M, -2.2% YY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OI Points To Net Short Cover As Dominant Positioning Swing On Tuesday

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

The combination of yesterday’s twist flattening of the Tsy futures curve and preliminary OI data points to the following net positioning swings on Tuesday:

  • Net long cover: TU
  • Net short cover: FV, TY, UXY & WN futures.
  • Net long setting: US futures
  • The apparent net short cover flagged above provided the dominant positioning move in net curve terms.
  • A reminder that news flow was fairly muted on Tuesday, with a rally in European & UK bonds providing support ahead of the smooth passage of 3-Year Tsy supply. Tsys then faded from session highs into the close.
  • More boradly, net shorts have seemingly been pared in the time since Friday's NFP release.
07-May-2406-May-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,070,2314,082,117-11,886-434,197
FV6,042,6046,098,063-55,459-2,276,332
TY4,383,4734,415,156-31,683-2,015,857
UXY2,143,2722,147,959-4,687-402,496
US1,600,2811,590,133+10,148+1,294,521
WN1,643,6161,644,199-583-114,463
Total-94,150-3,948,823
149 words

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.

The combination of yesterday’s twist flattening of the Tsy futures curve and preliminary OI data points to the following net positioning swings on Tuesday:

  • Net long cover: TU
  • Net short cover: FV, TY, UXY & WN futures.
  • Net long setting: US futures
  • The apparent net short cover flagged above provided the dominant positioning move in net curve terms.
  • A reminder that news flow was fairly muted on Tuesday, with a rally in European & UK bonds providing support ahead of the smooth passage of 3-Year Tsy supply. Tsys then faded from session highs into the close.
  • More boradly, net shorts have seemingly been pared in the time since Friday's NFP release.
07-May-2406-May-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,070,2314,082,117-11,886-434,197
FV6,042,6046,098,063-55,459-2,276,332
TY4,383,4734,415,156-31,683-2,015,857
UXY2,143,2722,147,959-4,687-402,496
US1,600,2811,590,133+10,148+1,294,521
WN1,643,6161,644,199-583-114,463
Total-94,150-3,948,823