US TSYS/SUPPLY: 10s/20s/30s Swap Spread Fly Narrows After Disappointing Survey
Oct-16 16:17
Seeing some narrowing in long-end UST swap spreads following Treasury's primary dealer survey releas...
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US TSY OPTIONS: Heavy Nov'26 10Y Trade
Sep-16 16:16
- Block: +65,000 TYX6 104 puts, 9 w/ +20,000 TYX 108 calls, 10 ref 106-06
- 21,601 TYX6 104.5/107.5 2x1 strangles on screen, 13 net ref 106-05.5
US 10YR FUTURE TECHS: (Z6) Bear Cycle Remains In Play
Sep-16 16:14
- RES 4: 109-07 61.8% retracement of the Jun 30 - Jul 31 bear leg
- RES 3: 108-27+ High Aug 13
- RES 2: 108-00+ 50-day EMA
- RES 1: 106-19/107-09 High Sep 11 / 20-day EMA
- PRICE: 106-06 @ 17:13 BST Sep 16
- SUP 1: 105-21 Low Sep 15
- SUP 2: 105-10+ Low Oct 19 2023 (cont.)
- SUP 3: 105-00+ 2.382 proj of Jun 30 - Jul 14 - 17 price swing
- SUP 4: 104-25+ 2.500 proj of Jun 30 - Jul 14 - 17 price swing
The downtrend in Treasuries is intact and a fresh cycle low Tuesday reinforces a bear theme. The move down keeps cycle lows in play and of particular interest given that in yield terms, the psychological 5% level has been breached. Sights are on 105-10+, the Oct 19 ‘23 low on the continuation chart. Initial firm resistance is 107-09, at the 20-day EMA. Short-term would be considered corrective.
OPTIONS: Expiries for Sep17 NY cut 1000ET (Source DTCC)
Sep-16 16:11
- EUR/USD: $1.1400(E3.1bln), $1.1420-30(E1.9bln), $1.1500(E1.9bln), $1.1550(E653mln), $1.1600(E2.1bln), $1.1725-30(E2.3bln)
- USD/JPY: Y153.00($2.8bln), Y155.00($1.6bln), Y156.00($2.6bln), Y156.75($1.2bln), Y160.00($1.5bln)
- EUR/JPY: Y175.00(E550mln)
- USD/CAD: C$1.3850($766mln), C$1.3950-60($1.3bln)
- USD/CNY: Cny6.7305($1.0bln)
