LNG: LNG Canada Ramping Up Output

Jul-17 13:18

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LNG Canada has loaded its fifth cargo today, marking an accelerated ramp-up in exports Kpler reports...

Historical bullets

MNI: US MAY INDUSTRIAL PROD -0.2%; CAP UTIL 77.4%

Jun-17 13:15
  • MNI: US MAY INDUSTRIAL PROD -0.2%; CAP UTIL 77.4%
  • US APR IP REV TO +0.1%; CAP UTIL REV 77.7%
  • US MAY MFG OUTPUT +0.1%

EURIBOR OPTIONS: Latest Call Ladders

Jun-17 13:12
  • ERZ5 98.25/98.50/98.625c ladder, bought for 3.75 in 3.5k.
  • ERZ5 98.25/98.375/98.50c ladder, bought for half in 2k.

SOFR OPTIONS: Post-Data Flow

Jun-17 13:08

Call spread selling, conditional curve plays while underlying futures continue to scale back from post-data highs. White pack (SFRM5-SFRH6) trades steady to -.005. Projected rate cut pricing consolidates slightly from earlier levels (*) as follows: Jun'25 at 0.0bp, Jul'25 at -3.1bp (-3.6bp), Sep'25 at -18.2bp (-19.5bp), Oct'25 at -31.1bp (-32.6bp), Dec'25 at -47.3bp (-48.8bp).

  • -10,000 0QZ5 97.50/97.62 call spds, 1.75 vs. 96.73/0.05%
  • +2,500 SFRZ5 96.37/96.75 call spds vs. 0QZ5 97.25/97.50 call spd, 1.5 net/steepener
  • +2,500 SFRN5 95.37/95.68 put spds, .37
  • -4,000 SFRU5 95.68/95.81/96.25/96.37 call condors, 5.25 ref 95.875