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

Historical bullets

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