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OI Points To Relatively Modest Positioning Swings On Thursday

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

Yesterday’s move lower in Tsy futures and preliminary OI data points to a mix of long cover and short setting, with the former dominating in net curve DV01 equivalent terms owing to the movement in net positioning in FV futures.

  • Net OI movement in other contracts was relatively contained, with conviction seemingly remaining low against a backdrop of heightened Fed & geopolitical uncertainty.
18-Apr-2417-Apr-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,009,7724,008,704+1,068+38,965
FV5,952,7855,996,432-43,647-1,797,828
TY4,437,5404,440,722-3,182-201,902
UXY2,057,1582,064,946-7,788-665,364
US1,555,2491,549,220+6,029+758,555
WN1,609,2071,610,427-1,220-236,284
Total-48,740-2,103,858
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Yesterday’s move lower in Tsy futures and preliminary OI data points to a mix of long cover and short setting, with the former dominating in net curve DV01 equivalent terms owing to the movement in net positioning in FV futures.

  • Net OI movement in other contracts was relatively contained, with conviction seemingly remaining low against a backdrop of heightened Fed & geopolitical uncertainty.
18-Apr-2417-Apr-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,009,7724,008,704+1,068+38,965
FV5,952,7855,996,432-43,647-1,797,828
TY4,437,5404,440,722-3,182-201,902
UXY2,057,1582,064,946-7,788-665,364
US1,555,2491,549,220+6,029+758,555
WN1,609,2071,610,427-1,220-236,284
Total-48,740-2,103,858