EURIBOR OPTIONS: Call ladder buyer

Sep-07 08:22

ERH3 97.87/98.00/98.75c ladder, bought for -1 (receive) in 11k

Historical bullets

BONDS: Tnotes vs Bund

Aug-08 08:09
  • Bund outperforms Tnotes, pushing the spread 3.6bps wider.
  • The spread traded at 192.88 on the 2nd August, which was also the widest print since 17th May.

Chart source: MNI/Bloomberg

CROSS ASSET: Continued small unwind

Aug-08 07:41
  • Seeing small continuation of price unwind across assets, unwinding some of the US NFP price action, although volumes and liquidity remains on the very low side.
  • Equities are paring losses, after Friday saw some of the biggest moves in a couple weeks.
  • Govies, EGBs and Tnotes are also recovering higher and similar story in FX.
  • EURUSD is back above 1.0200, and was trading circa 1.0231 pre NFP.
  • Some desk will likely position for the US CPI (Wednesday), with consensus going for a slow down median reading of 0.2% MoM versus 1.3% last Month.
  • Range for the data is 0.0% to just 0.4%, median 0.2%.

MNI EXCLUSIVE: BOJ forward guidance

Aug-08 07:22
  • MNI looks at the BOJ's forward guidance
  • On MNI Policy MainWire now, for more details please contact sales@marketnews.com