Free Trial

OI Suggests Long Cover Dominated On Thursday As Supply & Powell Weighed

US TSY FUTURES

The combination of Thursday’s 30-Year Tsy supply/Powell-induced cheapening and preliminary open interest data points to a mix of short setting and long cover on Thursday.

  • TU, UXY and WN futures seemed to see fresh shorts added, while FV, TY and US futures seemingly saw longs cover.
  • TY futures saw the largest DV01 adjusted OI swing on the day.
  • The impact of the aforementioned rounds of apparent long cover comfortably outweighed the rounds of apparent long setting in net terms, with total Tsy futures OI comfortably lower on the day as a result.
09-Nov-2308-Nov-23Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,140,9474,123,496+17,451+628,760
FV5,923,9305,944,008-20,078-821,391
TY4,599,4104,637,206-37,796-2,371,699
UXY2,010,5772,007,842+2,735+240,160
US1,339,6111,352,977-13,366-1,673,958
WN1,579,9951,576,094+3,901+729,331
Total-47,153-3,268,797
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.