The combination of preliminary open interest data and Tuesday’s price action point to long covering in Tsy futures dominating from a net positioning perspective.
- FV, TY and WN futures seemingly saw longs covered on net, with the most notable OI DV01 equivalent swing coming in the WN futures contract.
- Meanwhile, UXY & US futures seemingly saw fresh shorts added on net.
- The small uptick in TU pricing and uptick in OI point to a limited addition of fresh longs in that contract on net.
| 15-Aug-23 | 14-Aug-23 | Daily OI Change | OI DV01 Equivalent Change ($) | |
| TU | 3,764,034 | 3,762,387 | +1,647 | +59,287 |
| FV | 5,587,469 | 5,628,803 | -41,334 | -1,712,486 |
| TY | 4,773,163 | 4,789,282 | -16,119 | -1,048,941 |
| UXY | 1,838,858 | 1,834,641 | +4,217 | +384,439 |
| US | 1,327,664 | 1,327,251 | +413 | +56,677 |
| WN | 1,536,604 | 1,557,995 | -21,391 | -4,321,085 |
| Total | -72,567 | -6,582,109 |
