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US TSY FUTURES: Long Setting In Intermediates Seen On Tuesday

US TSY FUTURES

OI points to a mix of long setting and short cover during yesterday’s rally, with the only notable positioning swings coming via long setting in the intermediate area of the curve (TY & UXY).

  • Net OI swings elsewhere roughly offset in DV01 equivalent terms.
  • Spill over from a rally in EGBs and heightened geopolitical risk premium drove the bid on Tuesday.

 

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OI points to a mix of long setting and short cover during yesterday’s rally, with the only notable positioning swings coming via long setting in the intermediate area of the curve (TY & UXY).

  • Net OI swings elsewhere roughly offset in DV01 equivalent terms.
  • Spill over from a rally in EGBs and heightened geopolitical risk premium drove the bid on Tuesday.

 

Keep reading...Show less