US TSYS: Paring Gains Post-IP/Cap-U Data
Jan-17 14:19
- Still bid, Treasury futures are paring gains after solid Industrial Production and Capacity Utilization data for December (and up-revisions for prior).
- Tsy Mar'25 10Y futures trade 108-22 (+2.5) after rising to 108-27.5 coming into the session. Current level still well above overnight low of 108-16.5.
- Curves remain flatt: 2s10s -3.211 at 34.825, 5s30s -3.079 at 42.615.
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Brightmine: Median Pay Awards Remain at 4%
Dec-18 14:16
- Brightmine median basic pay awards in the 3 months to November remained at 4.0% for the fifth consecutive month. The press release notes this is the "start of the downward trend that the Brightmine 2025 Pay Forecast report predicts will continue into next year."
- There has been an increase in the dispersion of pay awards with the interquartile range having picked up in recent months.
- The release states "Despite more challenging conditions this year, organisations have still opted for pay increases rather than freezing pay, and they expect to continue doing so in 2025 despite a more complex landscape."
- The rolling quarter of data is based on 22 pay awards between September 1 and 30 November 2024 covering approximately 227,000 employees (down from 64 in the July to September period covering 433,000 employees).
US: SFR ps spread
Dec-18 14:15
SFRF5/G5 95.75/95.62ps spread sold at 1.5 in 4k.
US TSY OPTIONS: TY Weekly outright call buyer
Dec-18 14:11
US TY Weekly Option, expiry Friday.
- TY 110.50c, bought for '02 in ~11k.
