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US EURODLR OPTIONS

Profit Taking In 2EZ Put Spread

US 10YR FUTURE TECHS

(Z1)‌‌ Bearish Follow Through

OPTIONS

Expiries for Sep29 NY cut 1000ET (Source DTCC)

AUSSIE BONDS
AUSSIE BONDS: The Aussie bond space finished higher on the day but off of best
levels, with 3-Year futures 2 ticks higher at 97.900 and 10-Year futures 2.5
ticks higher at 97.220.
- The domestic 3-/10-Year spread closed at 71.1bp while the AU/US 10-Year spread
closed at around -6.0bp.
- The space moved higher on news that Gary Cohn was stepping down as US NEC
Chair & that the US is considering applying trade tariffs on China. Bonds then
took a fresh leg higher on a decent enough auction of a 10-year futures basket
constituent (although the cover ratio moderated this time out) & soft domestic
GDP data, although the miss was flagged by RBA Gov. Lowe in an earlier address
(which offered little new on the MonPol front).
- Bonds back off of best levels, as risk assets moved away from session lows,
but the pullbacks were only modest.
- The short end edged higher on the day with the white Bill contracts up 1-2
ticks.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com