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US TSY FUTURES: Mixed Positioning Moves During Waller-Driven Curve Steepening

US TSY FUTURES

OI and Friday’s twist steepening of the futures curve points to a mix of long setting (TU & FV), short cover (TY, UXY & US) and short setting (WN).

  • Short cover in US futures provided the largest DV01 equivalent swing.
  • A reminder that dovish comments from Fed’s Waller promoted steepening of the curve and pulled futures sway from session lows ahead of the weekend.

 

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OI and Friday’s twist steepening of the futures curve points to a mix of long setting (TU & FV), short cover (TY, UXY & US) and short setting (WN).

  • Short cover in US futures provided the largest DV01 equivalent swing.
  • A reminder that dovish comments from Fed’s Waller promoted steepening of the curve and pulled futures sway from session lows ahead of the weekend.

 

Keep reading...Show less