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US TSY FUTURES: OI Points To Long Setting Further Out The Curve On Monday

US TSY FUTURES

OI data points to a mix of short setting (TU), long cover (FV) and long setting (TY through WN) on Monday, with the latter dominating in net curve terms.

  • While Friday’s NFP report and Fedspeak has reduced odds of a 50bp cut at this month’s FOMC, participants seemingly used Monday’s pre-NY sell off as an opportunity to build fresh longs further out the curve.

 

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OI data points to a mix of short setting (TU), long cover (FV) and long setting (TY through WN) on Monday, with the latter dominating in net curve terms.

  • While Friday’s NFP report and Fedspeak has reduced odds of a 50bp cut at this month’s FOMC, participants seemingly used Monday’s pre-NY sell off as an opportunity to build fresh longs further out the curve.

 

Keep reading...Show less