US TSYS: Front-End Sell-Off Gathers Steam, Explicit Drivers Unclear

Aug-21 14:49

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* A still very much US-centric sell-off continues, led by the front-end, with moves starting a lit...

Historical bullets

SOFR OPTIONS: BLOCK: Dec'26 SOFR Put Spread

Jul-22 14:46
  • 5,940 SFRZ6 95.50/95.75 put spds, 7.5 at 1035:36ET

US TSYS: Another Leg Lower, Iran Tit-For-Tat Response

Jul-22 14:35
  • Treasury futures extend lows - more orderly selling than a gap move as Iran responds in kind to Trump's threat to bomb bridges & power plants, including Tehran in response to any attacks on ships transiting the Hormuz Strait: Iran will target bridges & power plants in the region.
  • TYU6 down to 108-12.5 low (-8), yield +.0304 at 4.6585%.
  • The 10Y contract nearing key support lies at 108-08+, the May 19 low and a bear trigger. A clear breach of this level would confirm a resumption of the medium-term downtrend.
  • In the short end: Aug'26 FF contract hits new low of 96.28 (-0.030), heavy overall volume over 250,000 in the serial contract

MNI: US EIA: CRUDE OIL STOCKS EX SPR +2.01M TO 411.7M IN JUL 17 WK

Jul-22 14:30
  • US EIA: CRUDE OIL STOCKS EX SPR +2.01M TO 411.7M IN JUL 17 WK
  • US EIA: DISTILLATE STOCKS +1.4M TO 109.6M IN JUL 17 WK
  • US EIA: GASOLINE STOCKS +0.76M TO 211.3M IN JUL 17 WK
  • US EIA: CUSHING STOCKS -0.67M TO 19.4M BARRELS IN JUL 17 WK
  • US EIA: SPR -5.06M TO 311.4M BARRELS IN JUL 17 WK
  • US EIA: REFINERY UTILIZATION WEEK CHANGE -0.1% TO 96.1% IN JUL 17 WK