US CREDIT SUPPLY: AT&T: $6.5B 5-Part New Issue - Launch

Jan-29 19:16

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* MNI FV 5Y +60A, 7Y +77A, 10Y +87A, 20Y +105A, 30Y +115A * Launch 5Y +60, 7Y +75, 10Y +90, 20Y +105...

Historical bullets

US TSYS: Post-FOMC Minutes React

Dec-30 19:01
  • Treasury futures show little reaction to the FOMC minutes release for the December meeting, holding modest losses, near midrange for the day
  • Currently, TYH6 trades 112-20 (-3.0) vs. 112-17 low / 112-25.5 high, curves mixed: 2s10s at 66.528 +1.165, 5s30s -.381 at 112.333.
  • Trend theme remains bearish and a break of 111-29 would confirm a resumption of the bear cycle. This would open 111-19, a Fibonacci projection. Key short-term resistance has been defined at 112-31, the Dec 18 high, where a break would undermine a bear theme and signal scope for a stronger recovery instead.
  • Bloomberg US$ index firmer: BBDXY +1.25 at 1202.72

MNI: MOST SAW FURTHER CUTS IF INFLATION DECLINES - FED MINUTES

Dec-30 19:00
  • MOST SAW FURTHER CUTS IF INFLATION DECLINES - FED MINUTES
  • SOME WANT RATES UNCHANGED FOR SOME TIME AFTER DECEMBER
  • PARTICIPANTS EXPRESSED RANGE OF VIEWS ON RESTRICTIVENESS
  • PARTICIPANTS JUDGED CAREFUL BALANCING OF RISKS REQUIRED
  • PARTICIPANTS SEE ELEVATED NEAR-TERM PRICES, RETURN TO 2%
  • MOST SEE LABOR MARKET RISKS TILTED TO DOWNSIDE

SOFR OPTIONS: SOFR Put Strip & Midcurve Vol Sales

Dec-30 18:55

Modest tone change from better low delta put buying earlier: put strip seller and midcurve vol seller via straddles ahead of the Dec'26 FOMC minutes release

  • -1,000 SFRU6/SFRZ6/SFRH7/SFRM7 95.00 put strip, 6.0 total
  • -2,000 0QH6 96.93 straddles, 28.0 ref 96.925
  • -1,000 0QF6 96.93 straddles, 14.0 ref 96.925