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STIR: Mix Of Positioning Swings During Tuesday's SOFR Twist Steepening

STIR

Mix of positioning swings seen during yesterday’s twist steepening of the SOFR futures strip, dominant themes outlined below:

  • Whites: Short cover
  • Reds: Long setting
  • Greens & Blues: Short setting
  • Drivers of yesterday’s move and latest Fed pricing run to come in subsequent bullet.

 

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Mix of positioning swings seen during yesterday’s twist steepening of the SOFR futures strip, dominant themes outlined below:

  • Whites: Short cover
  • Reds: Long setting
  • Greens & Blues: Short setting
  • Drivers of yesterday’s move and latest Fed pricing run to come in subsequent bullet.

 

Keep reading...Show less