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OI Suggests Short Setting Dominated In SONIA Futures On Tuesday

STIR

The combination of Tuesday's weakness in SONIA futures and OI data points to net short setting as the dominant positioning factor through the blues.

  • The weakness came as UK participants reacted to macro developments (namely U.S. data & Fedspeak) received over the Easter weekend.
02-Apr-2428-Mar-24Daily OI ChangeDaily OI Change In Packs
SFIH4217,924215,210+2,714Whites+20,163
SFIM4286,759280,958+5,801Reds+10,389
SFIU4223,965221,617+2,348Greens+4,815
SFIZ4303,965294,665+9,300Blues+4,031
SFIH5195,088192,913+2,175
SFIM5165,961166,374-413
SFIU5117,844117,796+48
SFIZ5166,012157,433+8,579
SFIH6106,155104,027+2,128
SFIM672,38372,320+63
SFIU653,51052,807+703
SFIZ661,95760,036+1,921
SFIH743,62243,027+595
SFIM735,99434,986+1,008
SFIU727,91127,700+211
SFIZ724,91422,697+2,217
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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