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OI Suggests Net Long Setting Dominated During Tuesday's Rally

US TSY FUTURES

OI suggests that yesterday’s rally was accompanied by net long setting in all contracts outside of WN futures, which seemed to see limited net short cover on the day.

  • Increased tension in the Middle East drove a rally into the close, although volume in futures held below the recent averages.
  • Today’s FOMC decision and the quarterly refunding announcement provide the immediate risk events of note.
30-Jul-2429-Jul-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,401,9854,376,204+25,781+960,947
FV6,565,5466,542,022+23,524+991,505
TY4,741,8104,706,047+35,763+2,325,797
UXY2,099,9452,091,253+8,692+785,375
US1,693,0801,684,637+8,443+1,125,322
WN1,643,9241,644,543-619-127,473
Total+101,584+6,061,474
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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