MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

STIR: Midmorning SOFR Options

STIR
BulletMarketsFixed Income Bullets

Better put interest on net as underlying futures remain weaker/near lows after higher than expected ADP jobs gains. SOFR White pack (SFRZ4-SFRU5) currently -0.015-0.045, while projected rate cuts continue to soften vs. this morning's pre-data levels (*): Nov'24 cumulative -33.8bp (-34.4bp), Dec'24 -68.8bp (-70.5bp), Jan'25 -99.9bp (-101.9bp).

  • +4,000 2QZ4 96.37/96.62/96.87 put flys 4.5 ref 96.97
  • +6,000 2QM5 96.75/97.00 put over risk reversals, 0.0 vs. 96.905 to -.91/0.38%
  • +8,000 SFRM4 95.50/96.00 2x1 put spds w/ 95.62/96.25 2x1 put spd, 8.0 ref 96.775
  • +5,000 SFRZ4 95.93/96.00/96.06/96.12 call condor, 1.0 vs. 95.975/0.05%
85 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Better put interest on net as underlying futures remain weaker/near lows after higher than expected ADP jobs gains. SOFR White pack (SFRZ4-SFRU5) currently -0.015-0.045, while projected rate cuts continue to soften vs. this morning's pre-data levels (*): Nov'24 cumulative -33.8bp (-34.4bp), Dec'24 -68.8bp (-70.5bp), Jan'25 -99.9bp (-101.9bp).

  • +4,000 2QZ4 96.37/96.62/96.87 put flys 4.5 ref 96.97
  • +6,000 2QM5 96.75/97.00 put over risk reversals, 0.0 vs. 96.905 to -.91/0.38%
  • +8,000 SFRM4 95.50/96.00 2x1 put spds w/ 95.62/96.25 2x1 put spd, 8.0 ref 96.775
  • +5,000 SFRZ4 95.93/96.00/96.06/96.12 call condor, 1.0 vs. 95.975/0.05%