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US TSY FUTURES: OI Suggests Cover Dominated On Thursday

US TSY FUTURES
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

OI data suggests that cover of existing positions dominated in Tsy futures during Thursday’s twist flattening of the curve.

  • Net long cover was seemingly seen in TU through UXY futures, with net short setting apparent in US futures and net short cover seen in WN futures.
  • Note that yesterday’s final OI data provided notable adjustments from the sizable swings seen in the preliminary readings. We did indicate our doubts surrounding the accuracy of the initial readings in yesterday’s SOFR OI bullet.

 

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OI data suggests that cover of existing positions dominated in Tsy futures during Thursday’s twist flattening of the curve.

  • Net long cover was seemingly seen in TU through UXY futures, with net short setting apparent in US futures and net short cover seen in WN futures.
  • Note that yesterday’s final OI data provided notable adjustments from the sizable swings seen in the preliminary readings. We did indicate our doubts surrounding the accuracy of the initial readings in yesterday’s SOFR OI bullet.

 

Keep reading...Show less