GBPUSD TECHS: Moving Average Bullish Crossover

Feb-27 18:30

* RES 4: 1.2877 2.0% 10-dma envelope * RES 3: 1.2811 High Dec 6 '24 * RES 2: 1.2767 50.0% retracemen...

Historical bullets

STIR: FED Reverse Repo Operation

Jan-28 18:27

RRP usage rebounds to $112.760B this afternoon after falling to $92.863B yesterday - the lowest level since mid-April 2021. The number of counterparties rises to 28 from 26 prior.

reverse repo 01282025

BONDS: MNI Europe Pi: OATs Continue Short Drift, Gilts And BTPs Flat (2/2)

Jan-28 18:23

Elsewhere in European positioning:

  • OAT: OAT is in very short positioning, maintaining the longer-term drift in that direction since mid-September (was "short" in our last update). Recent trade suggests shorts cover, however.
  • GILT: Gilt structural positioning has shifted to flat vs long previously, with recent price volatility only briefly seeing a dip toward shorts. The most recent week saw some short covering.
  • BTP: BTP has exited structural longs for our first update since summer 2025, with our current reading at flat. Longs were reduced in the most recent week of trade.
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US TSY FUTURES: BLOCK: March'25 5Y Buy

Jan-28 18:22
  • +7,000 FVH5 106-14.75, buy through 106-16.5 post time offer at 1316:58ET, DV01 $290,000. The 5Y contract trades 106-14.75 last (-3.25).