MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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: Tsy 5Y, 10Y Calls

US TSYS
Better 5- and 10Y Call option trade reported overnight, SOFR trade more pared on light volume in the lead up to this morning's PCE Deflator data. Underlying futures steady to mildly higher along with projected rate cuts in H1 2024: January 2024 cumulative -.6bp at 5.323%, March 2024 chance of 25bp rate cut -49.4% w/ cumulative of -13.0bp at 5.199%, May 2024 at -83.4% w/ cumulative -33.8bp at 4.991%, June 2024 back over 100% at -102.7% w/ cumulative -59.5bp at 4.734%. Fed terminal at 5.325% in Feb'24.
  • SOFR Options:
    • 2,000 SFRU4 95.75/95.87/96.00/96.12 call condors ref 95.74
    • 2,500 SFRU4 95.87/96.12/96.37 call flys ref 95.75
    • 2,000 SFRJ4 95.00 puts, 4.25 last
    • 1,750 SFRH4 94.87/95.25 call spds
    • Block, SFRU4 95.50/95.75 4x5 call spds vs. 94.75 puts x4
    • Block 4,000 0QJ4 95.93/96.25/96.50 broken put flys, ref 96.56
    • 2,000 SFRM4 95.75/96.06 call spds ref 95.315
  • Treasury Options:
    • over 10,500 TYG4 111.75 calls
    • over 11,600 TYG4 112 calls
    • over 13,000 TYH4 112.5 calls, 24 last
    • over 6,500 FVG4 108.25 calls, 1.5 last
    • over 3,000 FVG4 108 calls, 4.5 last
    • Block 5,000 TYJ4 116/117.5 call spds, 5 ref 112-02.5/0.05%
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.