OPTIONS: Notable Bobl Put, Euribor Call Ladder Buying
Jun-17 16:52
Tuesday's Europe rates/bond options flow included:
OEQ5 117p, bought for 18.5 in ~11.2k
RXN5 130/129.50ps, sold at 9.5 in 2k
ERU5 98.25/98.37cs, bought for 1 in 10k
ERZ5 98.25/98.50/98.625c ladder, bought for 3.75 in 3.5k
ERZ5 98.25/98.375/98.50c ladder, bought for half in 2k
ERZ5 98.25/98.50cs vs 98.00p, bought the cs for 2.25 in 5k
2RU5 97.93/97.75ps 1x2, bought for 0.75 in 2.5k
SFIZ5 96.50/96.70cs, bought for 4 in 5.3k
SFIH6 95.70/95.40ps 1x2, sold the 1 at -0.25 in 4k
FED: US TSY 4Y-10M TIPS AUCTION: NON-COMP BIDS $53 MLN FROM $23.000 BLN TOTAL
Jun-17 16:45
US TSY 4Y-10M TIPS AUCTION: NON-COMP BIDS $53 MLN FROM $23.000 BLN TOTAL
TARIFFS: Supreme Court Asked To Weigh In On US Global Tariffs
Jun-17 16:41
Bloomberg reports that “two family-owned businesses are asking the US Supreme Court to consider striking down President Donald Trump’s most sweeping tariffs, putting a high-stakes fight with worldwide economic implications before the justices for the first time.
The request, which stems from a lawsuit filed in Washington by two educational-toy makers, seeks to put the case on an expedited track with the possibility of a definitive Supreme Court ruling by the end of the year. A federal appeals court in a separate case has said the tariffs could stay in effect until that panel hears arguments July 31.”
White House administration officials have previously expressed confidence in the success of the appeal against the original trade court's ruling (for example, here).