Free Trial
AUSSIE 3-YEAR TECHS

(Z2) Sell-Rallies Theme Intact

AUSSIE BONDS

Firmer To Start, RBA’s Bullock Eyed

BONDS

NZGBs Back The Other Way

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Eurodollar/Tsy Option Roundup

US TSYS

Tuesday's better upside call buying fading the sell-off in underlying futures that saw 30YY top 3% (3.016%; 3.0285% during Asia hours) - had the right idea anticipating Wednesday's rally as underlying futures bounced off lows after the Bank of Japan offered to conduct an unlimited purchase of Japanese Government Bonds (JGBs).

  • (BOJ offered to conduct an unlimited purchase of Japanese Government Bonds (JGBs) at a fixed rate from April 21 to April 26 to prevent the 10-year JGB yield from rising above 0.25%, an upper limit of the preferred minus-plus 0.25% range.)
  • Some trading desks citing surge in industrial production and housing starts that recession fears are overblown, and looking for longer futures to continue to rebound. Wrap: curves bull flattened Wednesday as short end remained under pressure -- pricing in two to three 50bp hikes over the next three FOMC meetings.
  • Eurodollar put buying out to September expirys saw moderate volumes while 3Y midcurves saw decent buying in 3Y midcurve calls on the day. Treasury options saw more consistent buying in 10Y calls on the day.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.