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OI Points To Short Cover Across Most Of Curve On Thursday

US TSY FUTURES

The combination of yesterday's uptick in Tsy futures and preliminary OI data points to net short cover across most of the curve.

  • Only what seemed to be a round of net long setting in FV futures interrupted the broader theme.
  • Wednesday seemed to see a more prominent round of short cover in net curve terms.
  • A reminder that U.S. retail sales and broader macro data inputs provided most of the (limited) upward impetus on Thursday.
15-Feb-2414-Feb-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU3,894,2813,896,413-2,132-77,083
FV5,849,8355,824,880+24,955+1,041,336
TY4,601,3764,629,891-28,515-1,783,865
UXY2,190,5212,198,655-8,134-725,452
US1,410,5761,414,838-4,262-561,400
WN1,663,2841,664,088-804-165,520
Total-18,892-2,271,984
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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