EU-RUSSIA: Commission Unveils Proposals For 19th Round Of Sanctions
European Commission President Ursula von der Leyen has delivered a statement : https://ec.europa.eu/...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US TSY FUTURES: September'25-December'25 Roll Update
Latest Tsy quarterly futures roll volumes from September'25 to December'25 below. Pace is rising slowly ahead the "First Notice" date on August 29. Current roll details:
- TUU5/TUZ5 appr 88,900 from -8.12 to -7.88, -8.0 last; 6% complete
- FVU5/FVZ5 appr 32,700 from -5.0 to -4.5, -4.75 last; 10% complete
- TYU5/TYZ5 appr 28,700 from -0.5 to +0.0, -0.25 last; 5% complete
- UXYU5/UXYZ5 under 6,900 from 0.5 to 1.0, 0.5 last; 3% complete
- USU5/USZ5 appr 500 from 13.25 to 13.75, 13.25 last; 8% complete
- WNU5/WNZ5 appr 3,600 from 8.0 to 8.5, 8.25 last; 4% complete
- Reminder, Sep futures don't expire until next month: 10s, 30s and Ultras on September 22, 2s and 5s on September 30. Meanwhile, Sep'25 Tsy options will expire this Friday, August 22.
EGB SYNDICATION: Finland New 7-year Apr-32 RFGB: Allocations
- HR: 110% vs 0% Feb-32 Bund
- Spread set earlier at MS + 29bp (guidance was MS + 31bps area)
- Size: E4bln (MNI expected E3bln but noted upsizing to E4bln was possible)
- Books in excess of E33bln (inc E2.25bln JLM interest)
- Maturity: 15 April 2032
- Coupon: Short first
- Settlement: 28 August 2025 (T+6)
- ISIN: FI4000591862
- Bookrunners: Barclays (DM/B&D) / Bofa Securities / Danske Bank / Deutsche Bank / J.P. Morgan
- Timing: Hedge deadline is 13:00 UKT / 14:00 CET
US TSYS: Early SOFR/Treasury Option Roundup: Oct'25 10Y Calls Ongoing
SOFR and Treasury options volume gaining ahead of the NY open, large Oct'25 10Y call interest carries over from Tuesday, Sep Tsy option positioning/unwinds ahead of Friday's expiration. SOFR option flow more paired. Underlying futures trading steady to mildly higher (off highs after MBA apps data). Projected rate cut pricing retreat slightly from late Tuesday (*) levels: Sep'25 at -21.1bp (-21.7bp), Oct'25 at -34.9bp (-35.1bp), Dec'25 at -54.1bp (-54.4bp), Jan'26 at -65.1bp (-65.6bp).
- SOFR Options:
- 8,000 SFRU6 96.75/97.25 2x1 put spds ref 96.805
- 1,400 SFRZ5 96.25/96.37/96.50/96.62 call condors ref 96.21
- Block, 4,500 SFRZ5 96.25/96.50/96.75/97.00 call condors, 6.0 ref 96.21
- 6,000 SFRU5 96.00/96.12/96.25 call flys ref 95.90
- 4,000 SFRU5 95.87/95.93 put spds ref 95.90
- Treasury Options: (reminder Sep options expire Friday)
- Block/screen, over 10,800 TYU5 111 puts, 2 vs. 111-22.5/0.08%
- over 5,600 TYU5 112 calls, 8 last
- over 5,300 TYU5 112.5 calls, 2 last
- over 92,600 TYV5 113 calls, 20-23 ref 111-24.5 to -25.5 (78k trade Tuesday)
