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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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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.

 

Keep reading...Show less