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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.
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Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
OI Suggests Net Short Setting Dominated Into Weekend, Despite Soft Unrounded PCE
The combination of Friday’s move lower in Tsy futures and preliminary OI data points to meaningful net short setting in most contracts, with net long cover in TY futures providing the only exception.
- Some pointed to increased odds of a second Trump Presidency as a driver, as the rally that came in the wake of the slightly softer-than-expected round of unrounded core PCE data was pared.
- An FV/WN block steepener also helped the move.
- Volumes then picked up into the close as the weakness extended, with below average month-end extension flow failing to provide a meaningful counter.
28-Jun-24 | 27-Jun-24 | Daily OI Change | OI DV01 Equivalent Change ($) | |
TU | 4,227,474 | 4,157,471 | +70,003 | +2,691,449 |
FV | 6,241,122 | 6,213,326 | +27,796 | +1,171,990 |
TY | 4,333,400 | 4,351,566 | -18,166 | -1,155,185 |
UXY | 2,080,516 | 2,063,119 | +17,397 | +1,543,201 |
US | 1,665,608 | 1,649,154 | +16,454 | +2,133,349 |
WN | 1,674,932 | 1,664,273 | +10,659 | +2,109,756 |
Total | +124,143 | +8,494,559 |
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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.