MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

MNI: US DEC FINAL MANUF PMI 49.4 (FLASH: 48.3); NOV: 49.7

MNI China Daily Summary: Thursday, January 2

MNI China Press Digest Jan 2: Domestic Demand, Debt, Housing

CHINA DEC CAIXIN MANUFACTURING PMI 50.5 VS 51.5 IN NOV

US EIA: CRUDE OIL STOCKS EX SPR -1.18M TO 415.6M DEC 27 WK

MNI: US NOV CONSTRUCT SPENDING +0.0%

MNI: US JOBLESS CLAIMS -9K TO 211K IN DEC 28 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

STIR: Mixed Positioning Swings In SOFR Futures Friday, SFRH5/U5 Block Dominated

STIR
BulletMarketsFixed Income Bullets

OI points to net long cover dominating in most contracts through the SOFR reds on Friday, as the futures strip twist flattened.

  • The major exception came via a net short position being added in SFRU5.
  • The net OI change in that contract was seemingly boosted by a block steepener in the SFRH5/U5 spread (+40K).
  • Also note that the net OI change in SFRH5 was essentially flat on the day, suggesting that new positioning via that spread block countered net long cover seen throughout the remainder of the day.
  • The greens and blues saw a mix of net long setting and short cover.

 

Keep reading...Show less
117 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 points to net long cover dominating in most contracts through the SOFR reds on Friday, as the futures strip twist flattened.

  • The major exception came via a net short position being added in SFRU5.
  • The net OI change in that contract was seemingly boosted by a block steepener in the SFRH5/U5 spread (+40K).
  • Also note that the net OI change in SFRH5 was essentially flat on the day, suggesting that new positioning via that spread block countered net long cover seen throughout the remainder of the day.
  • The greens and blues saw a mix of net long setting and short cover.

 

Keep reading...Show less