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TYN1 132.00/131.50/131.00 Put Fly Lifted

US TSY OPTIONS

Market contact flags downside interest in T-Note options with TYs at the top of the ~3-month range. Flow in the TYN1 132.00/131.50/131.00 put fly sees paper pay 0-03 on 3.0K, delta -2%. The contact notes that this structure targets a slow grind to the middle of the recent range by the 25 Jun expiry.

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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