EMISSIONS: EUAs Options Implied Volatility Remains Stable

You are invited to listen to a Livestreamed MNI Connect Video Conference with the San Francisco Fed President Mary Daly.

Details below:

• Mary Daly joins us to discuss the ‘The US Economic Outlook and Challenges for Policymakers'
• DATE: Thursday, 10 July 2025
• TIME: 2:30 pm - 4 pm ET; 11:30am - 1pm PT; 7:30pm - 9pm London
• This event will be run as a Zoom Webinar and is a public, on-the-record event.

To register please go to: MNI Webcast Registration

• MNI: US REDBOOK: JUL STORE SALES +5.1% V YR AGO MO
• US REDBOOK: STORE SALES +5.9% WK ENDED JUL 05 V YR AGO WK

• Some of the relief bounce in EGBs with the earlier supply out of the way are still limited.
• Bund is ticking back lower, this is led by a round of selling in Treasuries, albeit in limited volumes, TYA in 5k, FVA 3.7k, TUA 3k.
• The next level in the US 10yr Yield is at 4.45% = 110.18+.
• USDJPY is through another intraday high on the follow, and looking to challenge the immediate resistance right here at 146.77 76.4% retracement of the Jun 23 - Jul 1 bear leg.