September 30, 2024 10:58 GMT
STIR: OI Points To Mix Of Long Setting & Short Cover In SOFR Futures On Friday
STIR
OI points to a mix of short cover and long setting during Friday's rally in SOFR futures, as the PCE data suite and geopolitical risk centred on the Middle East supported FI into the weekend.
- The only meaningful net positioning swings seemed to come via short cover in SFRU4 and long setting in SFRZ5.
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