Free Trial

STIR: Short Setting Dominated In Most SOFR Futures On Monday

STIR

OI data suggests short setting dominated through the SOFR greens on Monday, with only limited pockets of net long cover seen in that area of the strip.

  • Net long cover then became more prominent in the blues,
  • Hawkish adjustments continued in the wake of Friday’s NFP release, with a bid in energy commodities adding further weight.

 

Keep reading...Show less
73 words

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.

OI data suggests short setting dominated through the SOFR greens on Monday, with only limited pockets of net long cover seen in that area of the strip.

  • Net long cover then became more prominent in the blues,
  • Hawkish adjustments continued in the wake of Friday’s NFP release, with a bid in energy commodities adding further weight.

 

Keep reading...Show less