The combination of yesterday’s light bear steepening of the SOFR strip and preliminary OI data indicates that net long cover was the dominant positioning move in the whites, while net short setting was seemingly seen in the reds through blues.

16-Aug-23 15-Aug-23 Daily OI Change Daily OI Change In Packs
SFRM3 1,124,329 1,124,022 +307 Whites -33,856
SFRU3 1,060,672 1,086,672 -26,000 Reds +12,824
SFRZ3 1,230,542 1,249,506 -18,964 Greens +4,398
SFRH4 914,695 903,894 +10,801 Blues +7,383
SFRM4 835,986 836,084 -98
SFRU4 775,890 775,901 -11
SFRZ4 757,017 746,807 +10,210
SFRH5 529,122 526,399 +2,723
SFRM5 624,444 619,747 +4,697
SFRU5 480,508 478,559 +1,949
SFRZ5 437,813 435,599 +2,214
SFRH6 272,707 277,169 -4,462
SFRM6 223,177 221,079 +2,098
SFRU6 155,212 152,116 +3,096
SFRZ6 180,093 178,484 +1,609
SFRH7 132,655 132,075 +580

STIR: OI Points To Mix Of Fresh Shorts & Long Cover In SOFR On Wednesday

Last updated at:Aug-17 10:17By: Anthony Barton

The combination of yesterday’s light bear steepening of the SOFR strip and preliminary OI data indicates that net long cover was the dominant positioning move in the whites, while net short setting was seemingly seen in the reds through blues.

16-Aug-23 15-Aug-23 Daily OI Change Daily OI Change In Packs
SFRM3 1,124,329 1,124,022 +307 Whites -33,856
SFRU3 1,060,672 1,086,672 -26,000 Reds +12,824
SFRZ3 1,230,542 1,249,506 -18,964 Greens +4,398
SFRH4 914,695 903,894 +10,801 Blues +7,383
SFRM4 835,986 836,084 -98
SFRU4 775,890 775,901 -11
SFRZ4 757,017 746,807 +10,210
SFRH5 529,122 526,399 +2,723
SFRM5 624,444 619,747 +4,697
SFRU5 480,508 478,559 +1,949
SFRZ5 437,813 435,599 +2,214
SFRH6 272,707 277,169 -4,462
SFRM6 223,177 221,079 +2,098
SFRU6 155,212 152,116 +3,096
SFRZ6 180,093 178,484 +1,609
SFRH7 132,655 132,075 +580