MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

BOC WILL BE CONSDIERING FURTHER RATE CUTS

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: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

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: Shift to Calls

US TSYS
SOFR/Treasury option trade shifts from better puts the last few sessions to calls, albeit on lighter volumes overnight as underlying futures climb off yesterday's post-retail sales lows. Focus turns to house starts/build permits at 0830ET, BLS state labor and UofM sentiment at 1000ET. Projected rate cuts look a little firmer vs. late Thursday levels (*): Sep'24 cumulative -33.8bp (-31.8bp), Nov'24 cumulative -64.2bp (-62.0bp), Dec'24 -96.8bp (-93.5bp).
  • SOFR Options:
    • 2,000 SFRU4 95.12/95.50 call spds vs. 95.00 put ref 95.075
    • 2,000 SFRH5 97.50/98.00 call spds ref 96.155
    • 3,000 SFRU4 95.18/95.31 call spds ref 95.07
    • 2,000 0QZ4/3QZ4 97.00/97.50 call spd spd, ongoing curve play
    • 3,000 SFRZ4 94.93/95.18/95.43 put flys ref 95.66 to -.685
    • 2,000 SFRZ4 95.62/95.75/95.87 call flys
  • Treasury Options:
    • over 6,400 FVU4 109 calls, 9-11.5
    • 3,000 TYU4 113/113.5 call spds ref 113-10.5
    • over 4,100 TYU4 112.5 puts, 6 last ref 113-09 to -09.5
    • 6,300 USU4 122 puts, 11-12 ref 123-17
    • 7,300 wk3 TY 113.25/113.5 call spds ref 113-02, expire today
    • 2,100 FVU4 108 puts ref 108-24
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.