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*** Recent Block, 1035:59ET,.....>

US EURODLR OPTIONS
US EURODLR OPTIONS: *** Recent Block, 1035:59ET, bull curve flattener, adds to
9k traded in pit
* -20,000 Green Sep 77/81 call spds, 11.5 vs.
* +20,000 Blue Sep 77/81 call spds, 9.0
Note: While there has been significant and varied steepener flows the last 6
weeks or so, this is the second time a significant flattener block has crossed
over past 24 hours (+9,969 TYM 123-15 vs. -18,846 TUM 106-13.5 early Wed). While
3M10Y yld curve dis-inverted late last week -- the closely watched/widely
debated recession metric is just a stones throw away from turning negative and
advancing. Some dealer researchers may say this time is different -- can the US
shrug off drag from slowing global economy?

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