MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Early SOFR/Treasury Option Roundup

US TSYS

Two-way SOFR and Treasury options carries over from Friday -- leaning bullish on light volumes with Japan and UK out for spring holidays, underlying futures mildly higher following the April jobs miss. Projected rate cut pricing looking steady to mildly firmer vs. late Friday: June 2024 steady at -10% w/ cumulative rate cut -2.5bp at 5.298%, July'24 at -30% w/ cumulative at -10bp at 5.222%, Sep'24 cumulative -22.8bp (-22.1bp late Fri), Nov'24 cumulative -32.8bp (-31.7bp late Fri). Dec'24 cumulative currently -47.7bp vs -46.4bp late Friday (-54.7bp post data).

  • SOFR Options:
    • 1,500 0QK4 95.56/95.75 call spds ref 95.645
    • Blocks, 8,000 SFRZ4 94.37/94.62/94.87 put flys, 5.5
    • 4,500 SFRM4 95.75/96.18call spds
    • 2,000 0QZ4 96.37/97.00 call spds bs. 3QZ4 96.50/97.00 call spds
    • 2,200 SFRM4 95.62/96.18 call spds ref 94.725
    • 1,900 SFRQ4 95.12 calls ref 94.905
    • Block, 2,900 SFRZ5 90.00/94.00 put spds, 10.5 ref 95.88
    • Block, 2,500 SFRZ4 94.43/94.68 put spds, 3.0 ref 95.15
  • Treasury Options:
    • 1,400 TYM4 108/110 call spds, 59 ref 108-31
    • 1,300 FVM4 104.75 puts ref 105-21.5
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.