FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Eurodollar/Tsy Option Roundup: Heavy Eurodollar Puts, Tsy Call Sales

US TSYS

Heavy put volume Monday on an unexpectedly active session with Tsy yields surging (30YY climbing to 2.5531% high) on the back of hawkish Fed chair Powell comments from NABE conf: in short willingness to make "more than 25bp" hikes at each meeting in order to keep inflation in check if needed.

  • Rather quiet start to the session on lighter volumes w/Japan out on extended holiday weekend, varied put buying accelerated around midday, finishing strong with large Eurodollar put condor blocks after the close as underlying futures priced in appr eight 25bps hikes (or combination of 50 and 25 bps hikes) by year end.
  • Salient Treasury option flow: large call sales as an opener: over 25,000 FVK 115.75 calls sold (open interest only 276 coming into the session) and -38,000 TYK 124 calls from 42-40 with open interest 1,499 coming into the session.
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.