CROSS ASSET: MONTH END EXTENSION

Nov-25 11:37

Bloomberg Bonds:

  • US Tsys: +0.13yr (large).
  • EU Govies: +0.04yr (small).
  • UK Govies: -0.01yr (non event).

MS Bonds:

  • EU Govies: +0.03yr (tiny).
  • US Tsys: +0.11yr (decent).
  • UK Govies: -0.01yr (non event).

Citi Bonds:

  • EU Govies: +0.05yr (small).
  • UK Govies: -0.04yr (non event).

FX Barcap:

  • Points to moderate USD selling against Commodity G10 and SEK, less vs GBP & JPY, and neutral EURUSD.

FX MS:

  • Expects lower USD vs all G10s.

Historical bullets

US TSY FUTURES: BLOCKs: More 2s, 10s

Oct-26 11:31

Blocked separately:

  • +2,500 TYZ2 110-29.5, buy through 110-29 post-time offer at 0723:00ET
  • +5,922 TUZ2 102-11.12, buy through 102-10.62 post-time offer at 0722:43ET

RUSSIA: Defence Min-Military Drill To Prepare For Possible Nuclear Attack

Oct-26 11:31

Russian state-run RIA Novosti reporting that President Vladimir Putin has watched a nuclear forces drill.

  • Max Seddon at the FT: "Putin is observing a Russian nuclear exercise. They hold these every year, and Russia warned the US about them in advance. But the last time Russia held one was in February – just a few days before invading Ukraine."
  • Defence Minsiter Sergei Shoigu: Nuclear exercises being undertaken to prepare for possibly enemy nuclear attack against Russia.
  • Shoigu's comments come following calls between the Russian defence minister and his counterparts from China and Russia putting forward further claims that Ukraine is planning to deploy a 'dirty bomb' in the conflict zone.
  • The escalation in Russia warning of a 'dirty bomb' to both the West and its erstwhile allies/neutral countries in Asia remains a concerning development. There is the rising potential that Moscow uses the supposed threat of such action as an excuse to engage in its own 'pre-emptive measures' against Ukraine.

US TSY FUTURES: BLOCK, 2Y Buy

Oct-26 11:19
  • +2,500 TUZ2 102-10.62, post-time offer at 0706:38ET