CANADA DATA: March Payroll Employment Declines For 2nd Straight Month
May-29 13:05
- March payroll employment -54.1K or -0.3% after -40.2K in Feb.
- Ten sectors recorded declines, seven were little changed and three posted gains. The headline drop in jobs was led by educational services, healthcare and finance while mining and oil gains partially offset the decrease.
- Payroll jobs in retail trade continued its downward trend which began in Feb 2023 while wholesale trade fell for the fourth consecutive month.
- Previously released and more timely labour force survey data showed employment -33K in March and +7.4K in April.
- YOY employment +32.8K or +0.2% in March, StatsCan said Thursday.
- Average weekly earnings +4.3% YOY in March, significantly higher than BOC's 2% inflation target, but less than prior 5.1%.
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US TSYS: SOFR/Treasury Option Update: 10YVol Buy, 5Y Midcurve Risk Play
Apr-29 13:05
- Latest options since the open: SOFR continues to revolve around put structures, midcurve put spread strip sales:
- -4,000 0QM5/2QM5 95.87/96.12 put spd strip w/2QM5 96.00/96.25 put spd, 2.5 total
- +5,000 SFRZ5 96.00/96.25/96.50 put trees, 2 ref 96.585
- Treasury options 10Y vol buyer and an interesting 5Y midcurve call spd hedge of weekend headline risk (Mon wkly bought over):
- +12,000 TYM5 110/113 strangles, 38-39 vs. 111-25/0.25% (imp vol 7.36%)
- +20,000 wk1 5Y (exp Fri)/Mon wkly 5Y (exp Mon) 110 call spds, 1 net ref 108-26.75
EQUITIES: EU Bank Synth Option trade
Apr-29 13:04
SX7E (21/12/29) 190, sold the put at 13.75 in 8k (100% del).
MNI EXCLUSIVE: MNI Speaks to Ex-NY Fed Staffer on Outlook for Monetary Policy
Apr-29 13:01
- MNI interviews former NY Fed staffer on the outlook for monetary policy, financial risk -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
