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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.
US TSY FUTURES
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)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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