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OI Shows Little Movement In Net Positioning On Friday
OI data suggests that net positioning movement was light on Friday, with a combination of modest long cover and short setting seen across Tsy futures contracts.
- There was a light bias towards net short setting as firmer-than-expected flash PMI readings out of the U.S. ultimately outweighed softer-than-expected Eurozone equivalents.
- Some of the faster money-type accounts may have been forced to cover intraday longs set in the wake of the Eurozone PMIs.
- The first couple of days of last week saw a skew towards net long setting, before long cover moved to the fore on Thursday.
- Tsy futures positioning seems to remain net short overall, albeit skewed by basis trade positioning.
- The latest CFTC CoT report (covering the period through June 18) will be released later today, with last week’s holiday delaying the release, as is the norm.
21-Jun-24 | 20-Jun-24 | Daily OI Change | OI DV01 Equivalent Change ($) | |
TU | 4,128,385 | 4,111,669 | +16,716 | +638,387 |
FV | 6,203,005 | 6,194,041 | +8,964 | +381,382 |
TY | 4,313,084 | 4,324,111 | -11,027 | -716,791 |
UXY | 2,045,638 | 2,035,746 | +9,892 | +891,487 |
US | 1,646,691 | 1,646,761 | -70 | -9,328 |
WN | 1,669,327 | 1,669,881 | -554 | -114,223 |
Total | +23,921 | +1,070,914 |
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Why MNI
MNI is the leading provider
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