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STIR: OI Points To Long Setting & Short Cover In SOFR Futures On Friday

STIR

OI data points to short cover in the front 6 SOFR futures during Friday’s rally, with rounds of net long setting and short cover then seen further out the strip.

  • Fed funds futures now price ~44bp of cuts through year-end, little lasting impact from Friday’s data.

 

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OI data points to short cover in the front 6 SOFR futures during Friday’s rally, with rounds of net long setting and short cover then seen further out the strip.

  • Fed funds futures now price ~44bp of cuts through year-end, little lasting impact from Friday’s data.

 

Keep reading...Show less