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STIR: Short Setting Dominated In SOFR Whites Thursday

STIR

OI data suggests that a mix of net short setting and long cover dominated through SFRH6 on Thursday.

  • Beyond there, a mix of net long setting and short cover was seen, as the strip twist flattened.
  • A reminder that these inferences are based on settlement prices.
  • SOFR futures sold off in post-settlement trade as markets reacted to the latest comments from Fed Chair Powell.

 

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OI data suggests that a mix of net short setting and long cover dominated through SFRH6 on Thursday.

  • Beyond there, a mix of net long setting and short cover was seen, as the strip twist flattened.
  • A reminder that these inferences are based on settlement prices.
  • SOFR futures sold off in post-settlement trade as markets reacted to the latest comments from Fed Chair Powell.

 

Keep reading...Show less