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STIR: Short Cover Dominated In Front End Of SOFR Strip On Wednesday

STIR

OI data points to net short cover in most of the white and red SOFR futures on Wednesday, with only relatively modest net long setting in SFRU4 & U5 breaking that trend.

  • The largest net OI swing came in SFRZ5.
  • Positioning swings were a little more balanced further out the curve, with pockets of both net long setting and short cover noted.

 

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OI data points to net short cover in most of the white and red SOFR futures on Wednesday, with only relatively modest net long setting in SFRU4 & U5 breaking that trend.

  • The largest net OI swing came in SFRZ5.
  • Positioning swings were a little more balanced further out the curve, with pockets of both net long setting and short cover noted.

 

Keep reading...Show less