MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSY FUTURES: OI Points To Mix Of Long Cover & Short Setting On Monday

US TSY FUTURES
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

Yesterday’s move lower in Tsy futures and preliminary OI data points to a mix of long cover and short setting.

  • Long cover was slightly more prominent in curve-wide DV01 equivalent terms, although that was solely driven by TY futures, with offsetting net positioning swings seen across the remainder of the curve.
  • Fed Chair Powell’s late NY comments weighed, before month-end extension flow pulled contracts away from session lows.
  • Signs of quarter-end repo tension seemed to generate contained vol. in Tsys during early NY trade.

 

Keep reading...Show less
89 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Yesterday’s move lower in Tsy futures and preliminary OI data points to a mix of long cover and short setting.

  • Long cover was slightly more prominent in curve-wide DV01 equivalent terms, although that was solely driven by TY futures, with offsetting net positioning swings seen across the remainder of the curve.
  • Fed Chair Powell’s late NY comments weighed, before month-end extension flow pulled contracts away from session lows.
  • Signs of quarter-end repo tension seemed to generate contained vol. in Tsys during early NY trade.

 

Keep reading...Show less