CANADA: GoCs Pare Open Losses Ahead Of Jobs Report
Jun-09 12:27
- GoCs have pared losses seen with the open but still head into the jobs report with 2YY +2.5bps, lagging other benchmarks +3.5-4bps.
- 2YY sit 4.5bps higher than pre-Beaudry levels after the Deputy Governor helped reiterate Wednesday’s hawkish decision statement, but at 4.555% they remain below post-BoC highs of 4.617% that had touched fresh highs since 2007 and come within 15bps of 2007 outright highs.
- Near-term BoC-dated OIS tracking in the ballpark of +17bps for the July BoC in five weeks.
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EGB OPTIONS: Schatz call fly buyer
May-10 12:24
DUM3 105.70/106.00/106.30c fly, bought for 5.75 in 3k
US TSY FUTURES: Short End Tapping Overnight Lows
May-10 12:12
Short end rates are sitting on overnight lows in the lead-up to the April CPI release at the bottom of the hour, 10Y futures have pared modest gains to -.5 at the moment. No obvious headline or Block/cross trigger at the moment.
STIR: Repo Reference Rates
May-10 12:04
- Secured Overnight Financing Rate (SOFR): 5.06%, $1.482T
- Broad General Collateral Rate (BGCR): 5.03%, $574B
- Tri-Party General Collateral Rate (TGCR): 5.03%, $564B
- (rate, volume levels reflect prior session)
