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Short Cover In FV Future Seen On Friday

US TSY FUTURES

OI data points to a mix of net long setting and short cover during Friday’s rally, although the only meaningful positioning swing came via short cover in FV futures.

  • A move lower in oil prices seemed to drive a rally through early New York trade, before a recovery in crude oil & equities, as well as the UoM data, pushed the space away from session highs.
16-Aug-2415-Aug-24Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,351,5334,349,192+2,341+85,621
FV6,657,3556,708,570-51,215-2,162,340
TY4,981,0654,976,768+4,297+279,754
UXY2,160,5732,153,086+7,487+690,355
US1,673,8221,678,803-4,981-688,904
WN1,627,9161,628,656-740-170,797
Total-42,811-1,966,311
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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