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