Free Trial

OI Suggests Long Setting In TY & WN Futures Dominated On Friday

US TSY FUTURES

The combination of Friday’s rally in Tsy futures and preliminary OI data points to a mix of net long setting and short cover as markets digested the Israel-Iran situation ahead of the weekend.

  • A reminder that contracts across the curve finished well shy of their Asia-Pac highs, with rhetoric from both Israel and Iran seemingly playing down the odds of further imminent military action in light of the tepid Israeli response to the Iranian-led attack.
  • The only notable net OI DV01 equivalent swings came via apparent long setting in TY & WN futures, leaving net curve OI movement titled towards net long setting on the day.
19-Apr-2418-Apr-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,011,4494,009,490+1,959+71,302
FV5,942,3435,951,963-9,620-394,775
TY4,470,1064,439,908+30,198+1,904,744
UXY2,059,8602,056,951+2,909+246,700
US1,550,8351,555,354-4,519-562,472
WN1,616,6551,609,207+7,448+1,421,505
Total+28,375+2,687,004
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.