US: Budget Cmte Vote On Reconcilliation Bill Expected At ~12:00 ET

May-16 14:52

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John Bresnehan at Punchbowl News reporting on X that the House Budget Committee is expected to vote ...

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OPTIONS: Expiries for Apr17 NY cut 1000ET (Source DTCC)

Apr-16 14:51
  • EUR/USD: $1.1200(E605mln), $1.1215-25(E1.3bln), $1.1250(E849mln), $1.1350-60(E919mln)
  • USD/JPY: Y142.80-00($1.1bln), Y145.00($1.4bln)
  • USD/CAD: C$1.4000($1.4bln)
  • AUD/USD: $0.6390-00(A$921mln)
  • USD/CAD: C$1.3950($1.0bln), C$1.4000($2.0bln)

STIR: SOFR Option Update

Apr-16 14:45

Pick-up in downside put structures this morning as underlying futures see-saw off earlier highs. Curves steeper (2s10s +4.486 at 52.876) with the short end still outperforming. Projected rate hike pricing, however, has cooled vs. morning levels (*) as follows: May'25 at -4bp (-4.7bp), Jun'25 at -20.5bp (-21.2bp), Jul'25 at -39.6bp (-40.1bp), Sep'25 -57.6bp (-58.9bp).

  • +3,100 SFRU5 95.62/95.68/95.75/95.87 put condors, 2.25
  • +3,000 SFRU5 95.31/95.68 2x1 put spds, 0.25 net
  • -10,000 SFRU5 96.50/97.00 call spds vs. 95.25/95.75 put spds and +5,000 95.25/95.81 put spds, 8.0

MNI EXCLUSIVE: ECB Sources On Policy Stance

Apr-16 14:31

MNI speaks to ECB sources.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com