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Short Setting Seen On Net On Monday

US TSY FUTURES

The combination of yesterday’s unwind of Friday’s geopolitical risk hedging and preliminary open interest data points to short setting as the dominant positioning factor on the curve on Monday.

  • TU, FV, US & WN futures seemingly saw short setting in net terms.
  • TY & UXY futures seemingly saw long cover in net terms.
  • Still, less than a net $2mn equivalent in OI was added across the curve on Monday.
16-Oct-2313-Oct-23Daily OI ChangeOI DV01 Equivalent Change ($)
TU4,006,9293,996,174+10,755+400,875
FV5,717,9915,709,670+8,321+344,031
TY4,691,1244,699,500-8,376-527,411
UXY1,908,4841,909,423-939-82,272
US1,373,8181,368,590+5,228+674,044
WN1,557,9181,551,732+6,186+1,132,793
Total+21,175+1,942,060
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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