NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

Machine Orders Data Points To Slow And Gradual Recovery

Unemployment Steady; Projected to Rise Gradually

MNI: EUROZONE MAR UNEMPLOYMENT RATE 6.5%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Today's Recovery May Reflect Squeeze Of Recent Shorts

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

A quick reflection covering recent positioning when it comes to the post-Friday data rally in Tsys. More than $15mn DV01 equivalent of fresh net shorts was set across the Tsy futures curve over Wednesday and Thursday (as flagged in our daily OI updates). While some of that can be likely explained away by basis trade activity, today’s move may partly reflect a squeeze of some of the weaker short positions.

70 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

A quick reflection covering recent positioning when it comes to the post-Friday data rally in Tsys. More than $15mn DV01 equivalent of fresh net shorts was set across the Tsy futures curve over Wednesday and Thursday (as flagged in our daily OI updates). While some of that can be likely explained away by basis trade activity, today’s move may partly reflect a squeeze of some of the weaker short positions.