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OI Points To Net Short Setting In TU Through UXY Futures On Monday

US TSY FUTURES

Yesterday’s twist flattening of the Tsy futures curve and preliminary OI data points to net short setting as the dominant positioning factor in TU, FV, TY & UXY futures.

  • This came after two days of net long setting in most contracts.
  • Fed Chair Powell’s impending appearance may have driven some pre-event positioning.
08-Jul-2405-Jul-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,291,5244,287,479+4,045+154,392
FV6,367,3236,321,609+45,714+1,932,142
TY4,487,0964,467,091+20,005+1,295,090
UXY2,087,4552,085,566+1,889+169,254
US1,678,7191,678,822-103-13,570
WN1,663,3051,661,515+1,790+362,459
Total+73,340+3,899,767
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Yesterday’s twist flattening of the Tsy futures curve and preliminary OI data points to net short setting as the dominant positioning factor in TU, FV, TY & UXY futures.

  • This came after two days of net long setting in most contracts.
  • Fed Chair Powell’s impending appearance may have driven some pre-event positioning.
08-Jul-2405-Jul-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,291,5244,287,479+4,045+154,392
FV6,367,3236,321,609+45,714+1,932,142
TY4,487,0964,467,091+20,005+1,295,090
UXY2,087,4552,085,566+1,889+169,254
US1,678,7191,678,822-103-13,570
WN1,663,3051,661,515+1,790+362,459
Total+73,340+3,899,767