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STIR: Short Cover Dominated In SOFR Futures On Tuesday

STIR

OI suggests that short cover dominated during yesterday’s rally in SOFR futures, as geopolitical risk and spill over from European markets drove the bid.

  • Contracts finished shy of session highs.
  • Isolated pockets of long setting were also seen.

 

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OI suggests that short cover dominated during yesterday’s rally in SOFR futures, as geopolitical risk and spill over from European markets drove the bid.

  • Contracts finished shy of session highs.
  • Isolated pockets of long setting were also seen.

 

Keep reading...Show less