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OI Suggests Fresh Net Longs Dominated Positioning Swings On Thursday

STIR

The combination of yesterday’s modest gains on the SOFR strip and preliminary open interest data indicate that the addition of fresh longs dominated from a net positioning perspective on Thursday.

  • The whites saw a modest uptick in OI on net, with apparent short cover in SFRZ3 offsetting the bulk of what seemed like net fresh long setting in the rest of the pack.
  • Elsewhere, the reds and the greens seemingly saw longs added on net.
  • Finally, short cover appeared to be the marginal dominant positioning factor in the blues.
31-Aug-2330-Aug-23Daily OI ChangeDaily OI Change In Packs
SFRM31,124,3181,121,097+3,221Whites+3,134
SFRU31,089,3261,074,804+14,522Reds+39,406
SFRZ31,271,3231,292,004-20,681Greens+16,372
SFRH4973,940967,868+6,072Blues-2,250
SFRM4849,697843,121+6,576
SFRU4806,584785,216+21,368
SFRZ4833,217819,582+13,635
SFRH5527,949530,122-2,173
SFRM5592,587594,703-2,116
SFRU5492,567494,065-1,498
SFRZ5436,042418,584+17,458
SFRH6288,237285,709+2,528
SFRM6227,504226,129+1,375
SFRU6159,894158,739+1,155
SFRZ6177,061180,638-3,577
SFRH7124,393125,596-1,203
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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