October 16, 2024 10:15 GMT
STIR: OI Points to Mix Of Long Setting & Short Cover In SOFR Futures On Tuesday
STIR
OI points to net long setting across the front 7 SOFR futures during yesterday’s rally, with net short setting then seemingly dominating in the greens and blues.
- Yesterday’s sharp adjustment lower in crude oil futures drove the early dovish move in U.S. STIRs, with softer-than-expected Canadian CPI data and a weak headline NY Fed Empire manufacturing reading also factoring in.
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15-Oct-24
14-Oct-24
Daily OI Change
Daily OI Change In Packs
SFRU4
1,236,685
1,230,333
+6,352
Whites
+33,304
SFRZ4
1,045,074
1,033,543
+11,531
Reds
+32,531
SFRH5
989,734
983,886
+5,848
Greens
-2,138
SFRM5
853,326
843,753
+9,573
Blues
-13,513
SFRU5
697,065
676,776
+20,289
SFRZ5
895,675
881,247
+14,428
SFRH6
604,441
603,760
+681
SFRM6
603,457
606,324
-2,867
SFRU6
545,590
546,355
-765
SFRZ6
614,489
617,288
-2,799
SFRH7
361,926
363,884
-1,958
SFRM7
301,544
298,160
+3,384
SFRU7
248,907
250,357
-1,450
SFRZ7
257,282
263,723
-6,441
SFRH8
181,635
182,739
-1,104
SFRM8
151,876
156,394
-4,518
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