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FV/UXY/WN Fly Blocked

US TSY FUTURES
HomepageBond Market NewsBulletMarketsFixed Income Bullets

Latest block trades lodged at 08:55:12 London/03:55:12 NY:

  • FVU4 7.3K lots blocked at 106-13, looks like a buyer.
  • UXYU4 7.0K lots blocked at 113-00+, looks like a seller.
  • WNU4 1,570 lots blocked at 124-02, conducted at the prevailing bid, but likely a buyer.
  • Looks like a seller of the belly of the FV/UXY/WN butterfly.
  • This comes with the 5-/10-/30-year butterfly trading above multi-week closing highs.
  • This position looks for an extension of that move.
  • There has been several notable rounds of Asia-Pac/early London block flow in the TU/FV/UXY fly in recent months. This may be the same account given the timing/size of the trade.

Fig. 1: U.S. 5-/10-/30-Year Butterfly (bp)

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Latest block trades lodged at 08:55:12 London/03:55:12 NY:

  • FVU4 7.3K lots blocked at 106-13, looks like a buyer.
  • UXYU4 7.0K lots blocked at 113-00+, looks like a seller.
  • WNU4 1,570 lots blocked at 124-02, conducted at the prevailing bid, but likely a buyer.
  • Looks like a seller of the belly of the FV/UXY/WN butterfly.
  • This comes with the 5-/10-/30-year butterfly trading above multi-week closing highs.
  • This position looks for an extension of that move.
  • There has been several notable rounds of Asia-Pac/early London block flow in the TU/FV/UXY fly in recent months. This may be the same account given the timing/size of the trade.

Fig. 1: U.S. 5-/10-/30-Year Butterfly (bp)

Keep reading...Show less