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*** Latest trade, * Update,.....>

US EURODLR OPTIONS
US EURODLR OPTIONS: *** Latest trade, 
* Update, total +60,000 Sep 73/75 2x1 put spds, 1.75. Account still looking for
offers. The put spd is a hedge vs. a hike at the June FOMC (98% priced in
according to MNI PINCH OIS model) AS WELL as a hike at the September FOMC (appr
75% chance of second hike, according to PINCH). Taking on another rate hike in
September, the EDU8 futures should drift down to around 97.37 -- the low strike
of the above structure, which compares to current level of 97.53.

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