September 25, 2024 10:03 GMT
US TSY FUTURES: Fresh Longs Seem To Dominate Through UXY On Tuesday
US TSY FUTURES
Yesterday’s rally through UXY futures and the move higher in OI points to fresh longs being set through 10s.
- Note that the China stimulus-driven weakness prior to the consumer confidence data-driven rally adds some complexity to the assessment and some of the OI movement may represent fresh shorts being set.
- US & WN finished lower on the day, with OI pointing to short setting and long cover in those contracts, respectively.
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24-Sep-24
23-Sep-24
Daily OI Change
OI DV01 Equivalent Change ($)
TU
4,473,598
4,403,122
+70,476
+2,756,612
FV
6,425,300
6,414,165
+11,135
+492,896
TY
4,942,095
4,895,124
+46,971
+3,152,932
UXY
2,122,227
2,120,111
+2,116
+197,457
US
1,755,549
1,751,145
+4,404
+611,513
WN
1,700,182
1,703,775
-3,593
-788,043
Total
+131,509
+6,423,367
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