MNI EXCLUSIVE: German Economist On National Strategy With China

Dec-12 13:23

You are missing out on very valuable content.

MNI speaks to senior German economist Achim Wambach -- on MNI Policy MainWire now, for more details ...

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SOFR OPTIONS: Morning Option trades

Nov-12 13:15
  • SFRX5 96.18/96.31^^, traded half in 5k.
  • SFRX5 96.25/96.12ps, traded 1.75 in 2k.
  • SFRZ5 96.18/96.31/96.50/96.62c condor, traded 6 in 5k.
  • SFRZ5 96.12/96.25/96.50/96.62c condor, traded 6.75 in 6k.
  • SFRH6 96.37/96.25ps 1x2, traded half in 5k.
  • 0QX5 97.12/97.06/96.87/96.75p condor, traded 5 in 5k.

STIR: UBS Recommend Receiving Dec FOMC On Softening Labor Market

Nov-12 13:12

Signs of a softening labor market (mostly via unofficial lower tier and alternative data) have been noted in recent weeks.

  • As a result, UBS have recommended receiving December FOMC OIS “even at 16 bp”.
  • They note that “CPI for October may not be published at all but expectations are that the September jobs report could arrive pretty quickly after the U.S. government reopens”. While their economists suggest that the September jobs data “could still be decent” they warn that “across the surveys, measures and details labor demand appears to have slowed sharply and by more than labor supply.”.
  • They expect a Fed cut in December.

SONIA OPTIONS: Latest Option trades

Nov-12 13:08
  • SFIH6 96.35/96.45/96.70/96.80 c condor, bought for 5.25 in 5k.
  • SFIH6 96.55/96.45/96.35p ladder, bought for 1.5 in 4k.