HYBRIDS: Hybrids: Week in Review

Very short term FX Weekly Exchange traded Option, suggest a new position, there are no Open Interest in those Strikes.

• EURUSD (16th Mat) 1.1350/1.1400cs, bought for 0.00010 in 2.3k.

Bund block trade, suggest seller

• RXM5 3.23k at 129.51.

Worth keeping an eye on the US Tnotes (TYM5), while Yesterday's low is at 109.30, the 4.50% Yield is circa 109.28+, now at 4.496%.

The Yen is unaffected still, but further breakout lower in TYM5 might provide some demand in USDJPY.

• March building permits -4.1% to CAD12.9B, StatsCan says Wed.  
• Decline driven by non-residential sector -15% to CAD4.2B mainly due to a significant drop in commercial with Ontario posting more than half the decrease.
• Residential permits +2% to CAD8.7B on multi-family units, while single-family units -5.3%.
• Permits +15% YOY.
• On a quarterly basis, building permits +2.9% to CAD39.1B, fifth straight gain. Multi-family housing +9.6% to record high CAD17.3 billion, led by Vancouver projects.