US EURODLR OPTIONS: BLOCK, Midcurve Put Buy
May-11 14:52
- +10,000 short Dec 98.50 puts, 12.5 vs. 96.66/0.16%, open interest only 14,274 in the put coming into the session
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RUSSIA: Lavrov: Russia Supports Continued Talks w/Ukraine
Apr-11 14:47
Russia's state-owned Tass reporting comments from Foreign Minister Sergey Lavrov stating that Russia continues to support talks with Ukraine over a potential ceasefire agreement.
- Lavrov: "I see no reasons for not continuing them [the talks], although the Ukrainian side tends to be evasive, sometimes doing U-turns and rejecting what it proposed a couple of days before. But we are persistent and patient,"
- Speaking to Rossiya-24 News, Lavrov also statd that Russian military activity would not be halted in order to allow talks to take place.
- At present there is no set date for talks to resume.
US EURODLR FUTURES: Reds Extending Inversion
Apr-11 14:37
Odd kink in Eurodollar Reds as front end of strip trades steady to higher now as inversion between EDM3 (+0.005 at 96.545) and balance of strip extends EDU3-EDZ3 +0.030-0.025 at 96.56 and 96.66 respectively. Reds outperforming balance of strip (-0.005-0.065, Golds underperforming) now.
- Inversion a low measure of confidence in forward policy and/or Fed managing a soft landing/avoiding recession.
- Trading desks note pick-up in Eurodlr/SOFR spds in Jun'22 (0.285) and Sep'22 (0.235) around same time.
EURIBOR OPTIONS: Put ladder buyer
Apr-11 14:11
0RM2 98.62/98.50/98.25p ladder, bought for -1.75 (receives), in 7.5k
