OPTIONS: Closing Out Large Bund Condor Post-ECB

Sep-12 16:58

Thursday's Europe rates/bond options flow included (pre-ECB unless specified):

RXV4 135.00/137.50/138.00/140.50c condor sold at 53.5 in 25k (After ECB - Closing out the full 50k position).
RXV4 134p, bought for 14 in 4k (after ECB)
RXV4 136.5/137/137.5c ladder sold at 1.5 in 2k.
ERV4 97.00/97.125/97.25c fly, bought for 2.5 in 4k.
ERV4 97.125/97.25/97.375c fly, bought for 1 in 3k.
ERH5 97.37/97.25/97.12p ladder bought for 1 in 9.5k total
SFIX4 95.80/96.00/96.10/96.30c condor bought for 2.25 in 6k total.

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Aug-13 16:54

The aforementioned broad based dollar weakness, has kept USDJPY on the backfoot late Tuesday, with lower-than-expected US PPI and lingering geopolitical concerns working in favour of treasury futures and lending renewed support to the Japanese Yen.
USDJPY has slipped to fresh session lows in sympathy, extending the pull lower from the day’s highs to 115 pips. Immediate downside levels that may come into play should momentum continue overnight are 146.47 and 146.27, Monday and Friday’s lows respectively.
With the significant US CPI data due tomorrow, most notable support resides at 144.29, the Aug 7 low.
Should the number come in higher than forecast, attention would then return to Monday’s highs at 148.22 before pre-NFP levels, situated around the 149.00 mark.

Aug-13 16:53

Ukrainian President Volodymyr Zelenskyy has issued a statement on X confirming that Ukrainian forces continue to advance in Russian Kursk region.

Zelenskyy: "I am constantly in touch with Commander-in-Chief Oleksandr Syrskyi, receiving reports on the frontline situation and our operations in the Kursk region. Despite the difficult and intense battles, our forces continue to advance in the Kursk region, and our state’s “exchange fund” is growing."
'Exchange fund' likely refers to captured Russian military personnel who can be exchanged for Ukrainian prisoners of war.
Zelenskyy: "74 communities are under Ukrainian control, where inspections and stabilization measures are being carried out. The development of humanitarian solutions for these territories continues... Preparations for our next steps continue."
Politico reported earlier today that Russia pulled some troops out of southern Ukraine and back into its own territory to try to fend off the incursion, according to a Ukrainian military source, and confirms that Ukraine now controls at least 1000 square kilometres of Russian territory.
Ukrainian army spokesman Dmytro Lykhoviy said: “Russia has relocated some of its units from both Zaporizhzhia and Kherson regions of Ukraine’s south."
The Guardian notes: "While the Ukrainian operation is under tight secrecy, and its goals remain unclear, the advance brings Kyiv’s forces closer to key supply lines inside Russia supporting Russia’s ongoing offensive in eastern Ukraine."

Aug-13 16:52

Tuesday's Europe rates/bond options flow included:

MNI INTERVIEW:Pereira Says ECB Keeps Cool Head, Data Dependent

Apr-17 21:02

MNI US Credit Weekly

Apr-17 19:52

MNI US Macro Weekly: De-Escalation Drives Dovish Drift

Apr-17 19:37