Free Trial

OI Suggests Net Short Setting Seen Through Most SONIA Futures On Monday

STIR

The combination of Monday's move lower in most SONIA futures and OI data points to net short setting as the dominant positioning factor through the blues, albeit with apparent pockets of net long cover seen.

  • International matters had more impact on pricing than local headlines, with ECB speak and global bond supply dominating fixed income markets on Monday.
  • SONIA futures and BoE-dated OIS didn't threaten/break recent extremes during Monday's move.
26-Feb-2423-Feb-24Daily OI ChangeDaily OI Change In Packs
SFIZ3188,280187,458+822Whites+7,869
SFIH4197,431202,354-4,923Reds+565
SFIM4247,675244,190+3,485Greens+2,942
SFIU4228,718220,233+8,485Blues+12
SFIZ4298,071297,078+993
SFIH5167,509170,103-2,594
SFIM5138,696136,521+2,175
SFIU5114,262114,271-9
SFIZ5134,626134,144+482
SFIH689,50088,471+1,029
SFIM665,55064,962+588
SFIU643,41442,571+843
SFIZ653,03653,165-129
SFIH739,13539,065+70
SFIM729,03828,863+175
SFIU719,13919,243-104
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.