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Larger FX Option Pipeline

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NY Fed GDP Nowcast

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  • Looking at the bid-to-cover on that auction of 0.91x, that is the lowest for a Schatz auction since March 2020 (0.84x).
  • Using the Buba's preferred offer-to-cover measure of 1.13x that would be the weakest since July 2019 (1.05x).