EMISSIONS: EU Opens Consultation On Extending CBAM To Downstream Products

Jul-02 13:20

You are missing out on very valuable content.

{The EC opened consultation on expanding the scope of the CBAM to cover certain downstream products,...

Historical bullets

SOFR OPTIONS: Put Condor seller

Jun-02 13:18

SFRU5 95.87/95.75/95.68/95.56p condor, sold at 5.75 in 2k and 5.625 in 10k.

US TSYS: Goldman Struggling To Turn Bullish

Jun-02 13:11

Goldman Sachs write “despite solid auction results and some reduction in bearish pressures from abroad, we still struggle to find compelling reasons to be outright bullish on the long-end. Certainly growth weakness could justify lower yields across the curve, but terminal rate pricing seems reasonable given the information in hand, and the headwinds across diminished hedge value, the lack of fiscal restraint, and potential shifts in the demand landscape remain unperturbed”.

  • They suggest that “Section 899 of the House fiscal bill sits as another source of uncertainty that likely doesn’t help to incentivize foreign appetite, reinforcing a greater degree of price sensitivity that we think helps to sustain higher levels of term premia in the Treasury curve”.

SCHATZ: The Schatz spread trades in Massive size

Jun-02 13:09

Massive Schatz spread goes through.

  • DUM5/U5 bought for -8 in ~81.5k.