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STIR: Positions Built Across Much Of SOFR Strip On Thursday

STIR

A mix of long and short setting dominated across much of the SOFR futures strip on Thursday, although net changes in contract prices were fairly limited on the day as the lower-than-expected weekly jobless claims data helped counter an early rally in wider core global FI markets.

  • Positioning swings were mixed through SFRH6, before long setting asserted itself further out the strip.

 

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A mix of long and short setting dominated across much of the SOFR futures strip on Thursday, although net changes in contract prices were fairly limited on the day as the lower-than-expected weekly jobless claims data helped counter an early rally in wider core global FI markets.

  • Positioning swings were mixed through SFRH6, before long setting asserted itself further out the strip.

 

Keep reading...Show less