April 19, 2024 10:15 GMT
OI Points To Relatively Modest Positioning Swings On Thursday
US TSY FUTURES
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-24 | 17-Apr-24 | Daily OI Change | OI DV01 Equivalent Change ($) | |
TU | 4,009,772 | 4,008,704 | +1,068 | +38,965 |
FV | 5,952,785 | 5,996,432 | -43,647 | -1,797,828 |
TY | 4,437,540 | 4,440,722 | -3,182 | -201,902 |
UXY | 2,057,158 | 2,064,946 | -7,788 | -665,364 |
US | 1,555,249 | 1,549,220 | +6,029 | +758,555 |
WN | 1,609,207 | 1,610,427 | -1,220 | -236,284 |
Total | -48,740 | -2,103,858 |
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