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OI Suggests Short Setting Dominated On SONIA Futures Strip On Tuesday

STIR

The combination of the move lower across most of the SONIA strip on Tuesday and OI data points to net short setting across all packs through the blues, with only modest rounds of net long cover seen in some contracts (unchanged prices in SFIZ3 & H4 make it harder to judge there, although net OI swings in both those contracts were only very limited).

30-Jan-2429-Jan-24Daily OI ChangeDaily OI Change In Packs
SFIZ3194,583194,925-342Whites+2,593
SFIH4204,387205,280-893Reds+9,008
SFIM4188,234181,641+6,593Greens+4,377
SFIU4213,763216,528-2,765Blues+2,875
SFIZ4263,647257,753+5,894
SFIH5171,941165,800+6,141
SFIM5131,243132,503-1,260
SFIU596,80498,571-1,767
SFIZ5111,269108,397+2,872
SFIH681,97382,113-140
SFIM656,00854,411+1,597
SFIU640,17540,127+48
SFIZ646,18045,803+377
SFIH736,48535,178+1,307
SFIM723,74222,561+1,181
SFIU713,99913,989+10
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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