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STIR: OI Points To Mix Of Short Setting & Long Cover In SOFR Futures On Monday

STIR

OI suggests that there was a relatively balanced mix of net short setting and long cover during Monday’s sell off in SOFR futures.

  • Long cover was slightly more prominent in the front end of the strip, while short setting was more prominent further out.
  • Friday’s post-NFP sell off extended, as Fed rate cut pricing faded further.
  • Upcoming STIR bullet will give exacts when it comes to the latest Fed pricing.

 

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OI suggests that there was a relatively balanced mix of net short setting and long cover during Monday’s sell off in SOFR futures.

  • Long cover was slightly more prominent in the front end of the strip, while short setting was more prominent further out.
  • Friday’s post-NFP sell off extended, as Fed rate cut pricing faded further.
  • Upcoming STIR bullet will give exacts when it comes to the latest Fed pricing.

 

Keep reading...Show less