FUTURES Trading up in Govt stock
Trading in the Government stock futures contract has gradually increased in the three days since it was introduced, said Dr Brent Layton, of Marshall Futures, yesterday.
Trading in the contract was firmer and more active as. interest rates on Government stock dropped. There were some new entrants into the contract, which was pleasing, he said.
The prime commercial paper contract index rose 30 points because of a slight decline in interest rates on the money market. Trading was active as investors took new positions after the adjustment on the money market.
The United States dollar contract was steady. The mandatory close-out for the February contract was at 1.9000, the same as the previous day.
The wool contract was steady and active. Details of yesterday’s trading were:
SUS CONTRACTS Mth Open H/L Last Vol Feb 1.8550 8960/8550 8960 14 Mar 1.9025 9190/8990 9150 44 Apr 1.9350 9540/9340 9460 16 Contracts traded: 74. Open positions at Feb 25: Feb 349, Mar 243, Apr 15, Jun 3, Sep 2, total 612 (up 4). COMMERCIAL BILLS
Contracts traded: 293. Open positions at Feb 25: Mar 1004, Apr 497, May 79, Jun 152, Sep 92, Dec 24, Mar 7, total 1855 (up 36). GOVERNMENT STOCK Mth Open H/L Last Vol Mar 8130 133/125 133 8 Apr 8134 135/132 135 22 May 8140 145/140 145 7 Contracts traded: 37. Open positions at Feb 25: Mar 2, Apr 11, May 1, total 14 (up 14). WOOL FUTURES Mth Anon H/T tad Vai
Open positions at Feb 25: Mar 91, May 310, Aug 213, Oct 209, Dec 220, Jan 230, Mar 309, May 242, Aug 65, total 1889 (down 3).
Mth Open H/L Last Vol Mar 7620 660/620 650 101 Apr 7730 755/730 746 148 May 7825 835/825 835 42 Jun 7900 900/900 900 1 Sep 7920 920/920 920 1
Mth Open H/L Last Vol Mar 510 510/508 508 5 Aug 532 532/531 531 6 Oct 532 532/532 532 2 Dec 533 533/532 532 4 Jan 534 534/532 532 10 Mar 540 540/539 539 16 May 544 ,545/544 544 29 Aug 555 555/550 550 8 Contracts traded: 80.
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Press, 27 February 1986, Page 23
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356FUTURES Trading up in Govt stock Press, 27 February 1986, Page 23
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