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Eurodollar/Tsy Option Roundup: Mixed Position Squaring Ahead Blackout

US TSYS

Hard to draw any conclusions from Monday's post-Easter Holiday trade. Limited option and underlying futures volumes with much of Europe still out for and extended weekend.

  • Underlying FI futures kicked off the new week moderately lower, holding to narrow ranges. Option trade mixed with better put trade in Treasury options, unwinding or positioning for a rebound ahead of the next Fed blackout that kicks off Friday at midnight, traders anticipating a 50bp hike at the next FOMC on May 4.

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