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Questions re: the health of North Korean....>

US TSYS
US TSYS: Questions re: the health of North Korean leader Kim & the uncertainties
that such a turn would bring (with source reports touting high risks to Kim's
life on the back of an operation, which was quickly played down by the South
Korean gov't), as well as a temporary U.S. immigration ban, left the session
with a risk-off feel, although the quick pushback from Seoul has taken the edge
off the move.
- Elsewhere, the first batch of fiscal funding ($2.9bn) for the airline sector
was disbursed, while lawmakers edge closer to a deal re: SBA funding.
- T-Notes +0-04+ at 139-08, yields 0.2bp to 1.6bp richer across the curve,
modest flattening seen. Swap spreads mixed across the curve
- Asia hours saw a market source flag an options block. 2.0K of the USM0 178/175
put spread bought vs selling 2.0K of he the 189 USM0 calls, package traded at -4
(credit).
- Eurodollar futures sit -1.5 ticks to +0.5 tick through the reds, twist
flattening in that portion of the strip.
- Existing home sales headline a skinny local docket today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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