MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: EUROZONE OCT UNEMPLOYMENT RATE 6.3%

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

MNI: FRANCE NOV FINAL MANUF PMI 43.1 (FLASH 43.2); OCT 44.5

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Late SOFR/Treasury Option Roundup, Call Buyers Fade Projected Hikes

US TSYS
Fading the sell-off in underlying futures Wednesday, SOFR option accounts looked to hedge softer policy in the near term as a projected 25bp rate hike in Jul or Sep gained momentum. Chances of a hike gained as well, but to a lesser degree on the day, nevertheless, paper bought over 33,000 Jun'23 SOFR 94.81/94.87 call spreads at 1.0 on the day (June options expire two days after the FOMC annc). Certainly more airtime in the approximately 45,000 Dec'23 SOFR 96.00/97.00 call spds bought from 10.0-10.5 with underlying futures at 95.00.
  • SOFR Options:
    • over +45,000 SFRZ3 96.00/97.00 call spreads 10.00-10.5
    • Block, 9,750 SFRM3 94.56/94.68/94.75 broken put flys, 1.75 ref 94.725
    • 1,000 SFRM3 94.62/94.68/94.75/94.81 put condors ref 94.7325
    • 33,000 SFRM3 94.81/94.87 call spds, 1.0 ref 94.7475
    • Block/screen, 5,000 SFRU3 94.25/94.50 put spds, 4.5 ref 94.79
    • Block, 5,000 SFRM3 94.87/94.93 call spds, 0.5 vs. 94.76/0.08%
    • 3k SFRZ 96.25 and 96.75 calls vs. 1,500 SFRZ3 97.00 and 97.50 calls, Checking
    • 1,000 SFRZ3 94.62/96.00 strangles ref 95.05
    • 2,000 SFRN3 94.93 calls ref 94.79
    • 2,000 SFRQ3 93.12 puts, .5 ref 94.80
    • 1,500 SFRH3 94.50/94.75 put spds ref 95.475
    • 3,650 SFRM3 94.75/94.81/94.87 put flys, ref 94.75
    • 1,500 SFRM3 94.50/94.68 call spds, ref 94.75
  • Treasury Options:
    • 2,500 FVQ3 109.5/110.5/111 broken call flys ref 108-05.25
    • 2,000 FVQ3 110/112 1x3 call spds ref 108-05.25
    • +15,000 TYU3 110 puts, 32 vs. 113-05/0.21%
    • -12,600 FVQ3 110 calls, 15-15.4 ref 108-04.5 to -03.75
    • 3,000 FVN3 107/108
    • 2,000 TYN3 110/111.5 put spds, 5 ref 113-14
    • 3,000 TYQ3 111/112.5 put spds, 23 ref 113-15.5
    • 2,500 TYN3 112.5 puts, 20 ref 113-14.5
    • 3,600 TYN3 111/112 put spds, 6 ref 113-22.5
    • over 4,000 TYQ3 114 calls, 104 last
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.