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Late Eurodollar/SOFR/Treasury Option Roundup

US TSYS
Notable pick-up in Treasury option put volume Monday, albeit September expiry's tied to squaring ahead of this Friday's option expiration. Downside put buying picked up as underlying futures price in higher chances of rate hikes partially tied to Europe's inflation linked energy price surge.
  • Highlight trade included Block buys of 15,000 each TYX 115 puts, 32 vs. 118-04/0.21% and TYV 116 puts, 28 vs. 118-03.5/0.24%, while paper bought +15,000 TYX 116/117 put spds, 19-20.

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