EMISSIONS: Czech Republic Disagree with EU 2040 Climate Target
Jul-02 12:24
Czech Prime Minister Petr Fiala said today that he disagrees with the EC's new 2040 climate target o...
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EGB OPTIONS: Option Package in Buxl, Bund, Bobl, Schatz
Jun-02 12:22
- DUU5 107.30p, sold at 21.5 in 6.75k
- DUU5 107.20p, sold at 17.5 in 6.75k.
- UBU5 119.00p, sold at 280 in 500.
vs
- RXU5 130.00p, bought for 115 in 2k.
- OEU5 117.75p, bought for 64.5 in 4k.
GILTS: Citi Still Look For Further Curve Steepening
Jun-02 12:19
Citi note that “the 5s30s curve has become range-bound, with a propensity to ‘twist’. It has been resistant to flattening in the May sell-off, despite the DMO’s cut to 15-Year+ issuance”.
- Theu go on to suggest that the “supply reduction may yet be undone by QT. Meanwhile, the upcoming Spending Review will likely reiterate the fiscal challenge”.
- Ultimately, they suggest that “with little left to take out of MPC cut pricing, in our view, bear-flattening pressure may fade. All in, our bias remains for further steepening well beyond the forwards”.
SOFR OPTIONS: Morning Option Trades
Jun-02 12:17
- SFRM5 95.81/95.75ps, traded for 6 in 10k total (8k was done on Block).
- SFRZ5 95.75/95.62ps 1x2, traded flat in 2k.
- 0QM5/2QM5 96.87c spread, traded for -1 in 1.5k.
