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US EURODLR OPTIONS

BLOCK, Green June Call Fly

RUSSIA

Russia 1Q21 GDP Prints Above Expectations

US TSY FLOWS
US TSY FLOWS: Relatively quiet start to week w/FOMC, Boe policy annc's later in
week, Fed chair appt reveal expected as well. Tsy futures trading stronger,
little off recent highs on decent volume (TYZ>365k), 10Y yld 2.403%. Tsys
followed Bunds higher following slightly softer inflation data. Equities weaker
(emini -5.75, 2572.75), gold softer (-2.86, 1271.01), oil near steady (WTI
+0.02, 53.92).
- Asia, Tsys opened firmer in early Asia trade, curve flatter w/misc acct sales
in short end, better buying in intermediate to long end, buyers in MBS.
- London, carry-over support, Tsys extended upside range on heels of noted Bund
rally. Sources reported better buying in the intermediates, two-way in 10s
w/real$ buying, option related buying/squaring.
- Swaps, steady/mixed, spd curve mildly steeper, light receiver in 3s at
1.9375%.
- Overnight repo, 5yr note tight
- Eurodollars, steady in the short end to mildly higher out the strip on light
volume.
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com