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REFILE: FV/UXY/WN Butterfly Blocked

US TSY FUTURES

Just revisiting the previously outlined FV/UXY block flattener, upon closer inspection it looks to have been an FV/UXY/WN butterfly structure:


Latest block trades lodged at 05:07:20 London/00:07:20 NY:

  • FVZ2 4,000 lots blocked at 106-29+, looks like a seller.
  • UXYZ2 3,700 lots blocked at 117-25+, looks like a buyer.
  • WNZ2 750 lots blocked at 138-20, looks like a seller.
  • Looks like mis-weighted FV/UXY/WN butterfly structure, buying the body (UXY) & selling the wings (FV & WN)
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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