MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Late SOFR/Treasury Option Roundup: Large Put Volume

US TSYS

SOFR/Treasury options focused on low delta puts and put structures early Tuesday, volumes fading in the second half as underlying futures pared losses/finished mixed. Projected rate hikes static into early 2024: November holding at 1.6%, w/ implied rate change of +.4bp to 5.333%, December cumulative of 6.4bp at 5.393%, January 2024 cumulative 9.4bp at 5.423%, March 2024 at 5.3bp at 5.381%. Fed terminal at 5.425% in Feb'24.

  • SOFR Options:
    • -4,000 SFRH4 93.75/94.25/94.75 put fly w/ 94.00/94.50/95.00 put fly, 46.0 total on double sale
    • 13,500 SFRM4 96.00/96.12 call spds ref 94.86
    • +43,000 0QZ3 94.93/95.12/95.25/95.37 put condors, 2.0 ref 95.405 to -.40
    • +15,000 0QZ3 94.87/95.12/95.25/95.37 put condors, 0.5 ref 95.41 to -.37
    • 6,500 SFRZ3/SFRJ4 94.50 put spds
    • 2,000 SFRH4 94.25/94.43 2x1 put spds ref 94.645
    • 4,000 SFRZ3 94.68/94.87 call spds ref 94.565
    • 3,000 0QZ3 95.50/95.87/96.25 call flys ref 95.435 to -.405
  • Treasury Options:
    • 2,500 TUZ3 101.5/102 1x2 call spds ref 101-06.5
    • 3,000 USX3 107/109 2x1 put spds
    • +45,000 TYX3 105.5 puts, 7 ref 106-09.5 to -10. Open interest only 30,168 coming into the session
    • over 9,900 TYX3 106.5 puts, 25 last ref 106-12.5
    • 3,000 TYZ 108 calls, 27 last ref 106-14
    • 1,000 TYX3 105.5/106 3x2 put spds ref 106-17.5
    • 1,000 TYX3 105.25/105.75 put spds, 3 ref 106-17.5
    • 1,200 FVZ3 103.5 puts ref 104-22.5
    • 4,750 TYX3 105.5/106 put spds, 7 ref 106-11 to -10.5
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.