FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

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

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

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

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

EUrodollar/SOFR/Tsy Option Roundup: Put Unwinds Precede New Buys

US TSYS
Heavy put volume Friday as underlying rate futures sold off in reaction to higher than expected May CPI, 1.0% vs. 0.7%, spurred heavy short end selling w/ 2Y yields climbing over 3.0 to 3.0486% high for the first time since 2008!
  • Overall put trade two-way with better early selling on profit taking: -7,000 TYQ 117 puts, 115; -15,000 TYN 116/117 put spds, 21; -22,000 wk2 TY 117 puts, 2-4; and vol selling: -10,000 Dec 96.50 straddles, 57.0.
  • Put buyers gradually returned as short end rates held near lows through the second half: +5,000 Mar 94.50/95.50 put spds, 14.5-15.0; +10,000 Jun 95.50/96.00 2x1 put spds, 1.5. In SOFR options: Block buy of 10,000 SFRZ2 95.87/96.12 put strip, 12.0 vs. 96.85/0.20%.
  • One Tsy 5Y trade of note: -12,000 FVN 111/111.25, 4.5 ref 110-28.25 -- this after yesterday's +10,000 wk2 5Y 111/111.25 put spds at 1.5 vs. 111-24.5/0.05% -- anticipating today's hot CPI.
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.