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OI Points To Short Cover In The White Pack On Tuesday

EURIBOR

Yesterday’s uptick in Euribor futures and OI data points to net short cover dominating in the whites. Net positioning movement was more balanced further out the strip, with rounds of net long setting and short cover closer to offsetting.

  • ECB speak continues to guide towards a June start for the rate cutting cycle, an outcome that is nearly fully priced by EUR STIR markets.
26-Mar-2425-Mar-24Daily OI ChangeDaily OI Change In Packs
ERM4696,942704,208-7,266Whites-12,251
ERU4427,789426,299+1,490Reds-1,695
ERZ4463,396470,976-7,580Greens-703
ERH5354,834353,729+1,105Blues+2,283
ERM5305,227306,926-1,699
ERU5270,519268,253+2,266
ERZ5320,074323,284-3,210
ERH6196,472195,524+948
ERM6162,877164,601-1,724
ERU6113,158113,833-675
ERZ6110,176111,460-1,284
ERH799,19296,212+2,980
ERM773,16371,619+1,544
ERU747,18347,064+119
ERZ760,11958,512+1,607
ERH832,93933,926-987
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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