The combination of yesterday’s downtick in most Tsy futures and preliminary OI data points to a mix of very modest net short setting and long cover to start the week.
- That came as a lack of meaningful macro news flow and fairly steady state in geopolitical risk surrounding the Middle East made for a low conviction, reduced volume session.
| 22-Apr-24 | 19-Apr-24 | Daily OI Change | OI DV01 Equivalent Change ($) | |
| TU | 4,025,528 | 4,011,527 | +14,001 | +509,055 |
| FV | 5,943,477 | 5,942,650 | +827 | +33,963 |
| TY | 4,476,556 | 4,467,915 | +8,641 | +546,175 |
| UXY | 2,060,789 | 2,059,857 | +932 | +79,274 |
| US | 1,546,647 | 1,551,228 | -4,581 | -572,769 |
| WN | 1,615,130 | 1,616,583 | -1,453 | -279,060 |
| Total | +18,367 | +316,637 |
