OAT: OAT Block trade

Jun-27 13:23

OAT Block trade, suggest buyer:

  • OATU4 1.25k at 123.45.

Historical bullets

STIR: Effective Fed Funds Rate

May-28 13:14

New York Fed EFFR for prior session (rate, chg from prev day):

  • Daily Effective Fed Funds Rate: 5.33%, no change, volume: $90B
  • Daily Overnight Bank Funding Rate: 5.32%, no change, volume: $268B

Source: NY Fed

BOBL: Block trade

May-28 13:13

Bobl Block trade, suggest buyer, doesn't look spread related with no block in the Sep expiry.

  • OEM4 9.4k at 116.33.

US DATA: Home Prices Show Resilience To Uptick In Relative Supply

May-28 13:10
  • FHFA home prices disappointed in March, rising just 0.09% M/M (cons 0.5) in a sharper moderation than expected from the particularly strong 1.24% jump in Feb.
  • Separately, the S&P CoreLogic 20-city index was in line, rising 0.33% M/M (cons 0.30) in March after a slightly downward revised 0.55% M/M (initial 0.61).
  • Prices are still up a strong 6.7% Y/Y and 7.4% Y/Y respectively though, supporting the recent strength in median prices from existing (5.7% Y/Y) and new (3.9% Y/Y) home sales data.
  • They for now remain robust to the steady normalization in relative supply of existing home sales and the already sizeable increase in relative supply of new homes.