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Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
SOFR OI Suggests Short Cover Dominated In Whites On Fri, While Reds Saw Fresh Shorts Set
The combination of price action and preliminary open interest data indicate that Friday saw short cover in SFRM3 through SFRZ3, while SFRH4 saw fresh shorts added. The reds & greens saw a mix of long cover and fresh shorts added. Meanwhile, the blues saw a mix of short additions, short cover, longs added and long cover.
- A reminder that the front end of the whites and the back end of the blues firmed on Friday, while the remainder of the strip covered above cheapened, with net changes of -3.5bp to +1.0bp observed.
21-Jul-23 | 20-Jul-23 | Daily OI Change | Daily OI Change In Packs | ||
SFRM3 | 1,110,857 | 1,115,310 | -4,453 | Whites | -12,661 |
SFRU3 | 1,108,823 | 1,109,905 | -1,082 | Reds | +13,765 |
SFRZ3 | 1,305,039 | 1,323,584 | -18,545 | Greens | -332 |
SFRH4 | 848,610 | 837,191 | +11,419 | Blues | +619 |
SFRM4 | 773,816 | 777,243 | -3,427 | ||
SFRU4 | 749,634 | 742,862 | +6,772 | ||
SFRZ4 | 760,571 | 751,151 | +9,420 | ||
SFRH5 | 537,312 | 536,312 | +1,000 | ||
SFRM5 | 466,059 | 468,809 | -2,750 | ||
SFRU5 | 405,806 | 403,484 | +2,322 | ||
SFRZ5 | 328,761 | 329,125 | -364 | ||
SFRH6 | 235,800 | 235,340 | +460 | ||
SFRM6 | 178,753 | 177,618 | +1,135 | ||
SFRU6 | 144,038 | 144,106 | -68 | ||
SFRZ6 | 171,658 | 174,168 | -2,510 | ||
SFRH7 | 119,900 | 117,838 | +2,062 |
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Why MNI
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