US TSYS: Late SOFR/Treasury Options Roundup - Heavy Put Volumes

Mar-13 19:16

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Heavy SOFR/Treasury options centered around downside puts Friday. Underlying futures running mixed a...

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PIPELINE: Corporate Bond Roundup: $600M Marsh McLennan 10Y Priced

Feb-11 19:00
  • Date $MM Issuer (Priced *, Launch #)
  • 02/11 $1.5B #First Quantum 10NC5 6.375%
  • 02/11 $600M *Marsh McLennan 10Y +78
  • 02/11 $Benchmark Citadel Finance investor calls

MNI: US JAN TREASURY BUDGET -$94.6B

Feb-11 19:00
  • MNI: US JAN TREASURY BUDGET -$94.6B

EURGBP TECHS: Monitoring Resistance

Feb-11 19:00
  • RES 4: 0.8797 High Dec 17   
  • RES 3: 0.8769 61.8% retracement of the Nov 14 - Feb 4 bear leg 
  • RES 2: 0.8746 High Jan 21 and a key resistance
  • RES 1: 0.8729 100-dma
  • PRICE: 0.8701 @ 16:40 GMT Feb 11
  • SUP 1: 0.8682/8613 20-day EMA / Low Feb 04 and bear trigger
  • SUP 2: 0.8597 Low Aug 14
  • SUP 3: 0.8578 Low Jul 2 ‘25 
  • SUP 4: 0.8544 50.0% retracement of the Dec ‘24 - Nov ‘25 bull cycle

Last Thursday’s strong bounce in EURGBP, and this week’s gains, still appear corrective. However, the cross is approaching key short-term resistance at 0.8746, the Jan 21 high, where a break would signal a potential trend reversal. Moving average studies are in a bear-mode position and this continues to highlight a dominant downtrend. A resumption of weakness would refocus attention on 0.8613, the Feb 4 low and bear trigger.