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Pick-Up in 10Y Puts

US TSY OPTIONS

Pick-up in 10Y puts as underlying futures drift back near post-data lows as markets continue to adjust to hotter than hoped for Feb CPI metrics. Projected rate cut timing has moved out to July at the earliest.

  • 2,800 wk3 TY 108.25/109/109.75 put flys, ref 111-06.5, expire this Friday
  • 10,000 TYK4 107.5 puts, 111-09
  • over 15,200 TYM4 108 puts, 18 ref 111-11

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