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SOFR OI Indicates Mixed Positioning Swings On Wednesday

STIR

The combination of yesterday’s price action and preliminary open interest data point to SFRU3 seeing a small addition of net longs, while SFRH4 saw shorts added. Indications for SFRM3 & SFRZ3 were less definitive, given their unchanged price status on the day. Meanwhile, the reds saw a mix of long trimming, shorts added and short cover. Beyond there, the greens and blues saw a mix of long additions and short cover, with long additions dominating on a net basis across those 2 packs.

19-Jul-2318-Jul-23Daily OI ChangeDaily OI Change In Packs
SFRM31,117,3101,112,777+4,533Whites+15,345
SFRU31,119,3251,118,841+484Reds-11,439
SFRZ31,329,8861,324,795+5,091Greens+389
SFRH4841,784836,547+5,237Blues+5,444
SFRM4778,835783,635-4,800
SFRU4741,741738,751+2,990
SFRZ4743,843749,058-5,215
SFRH5551,246555,660-4,414
SFRM5455,608456,958-1,350
SFRU5402,591400,886+1,705
SFRZ5324,788324,971-183
SFRH6236,129235,912+217
SFRM6174,242172,622+1,620
SFRU6146,148146,679-531
SFRZ6173,737172,417+1,320
SFRH7116,779113,744+3,035
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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