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OI Suggests Long Cover Dominated Net Positioning Swing On Tuesday

US TSY FUTURES

The combination of preliminary open interest data and Tuesday’s price action point to long covering in Tsy futures dominating from a net positioning perspective.

  • FV, TY and WN futures seemingly saw longs covered on net, with the most notable OI DV01 equivalent swing coming in the WN futures contract.
  • Meanwhile, UXY & US futures seemingly saw fresh shorts added on net.
  • The small uptick in TU pricing and uptick in OI point to a limited addition of fresh longs in that contract on net.
15-Aug-2314-Aug-23Daily OI ChangeOI DV01 Equivalent Change ($)
TU3,764,0343,762,387+1,647+59,287
FV5,587,4695,628,803-41,334-1,712,486
TY4,773,1634,789,282-16,119-1,048,941
UXY1,838,8581,834,641+4,217+384,439
US1,327,6641,327,251+413+56,677
WN1,536,6041,557,995-21,391-4,321,085
Total-72,567-6,582,109
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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