EM LATAM CREDIT: Possible New Case of Bird Flu in Brazil Reported

Jun-04 14:21

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BRF SA (BRFSBZ; Ba2/BBpos/BB+pos) "BRAZIL PROBES NEW SUSPECTED CASE OF BIRD FLU: MINISTRY" - BBG...

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EUR: More FX Exchange traded Options

May-05 14:20
  • EURUSD (9th May) 1.1400p, sold at 0.0079 and 0.0071 in ~2k Total.
  • EURUSD (6th June) 1.1350p, bought for 0.012 in 2.4k.

OPTIONS: Expiries for May06 NY cut 1000ET (Source DTCC)

May-05 14:20
  • EUR/USD: $1.1275(E508mln), $1.1325(E717mln), $1.1400(E632mln), $1.1500-10(E2.2bln)
  • GBP/USD: $1.2980-90(Gbp545mln)
  • USD/JPY: Y142.00($1.1bln), Y144.50-55($638mln), Y146.00($1.9bln)
  • EUR/GBP: Gbp0.8500-05(E535mln)
  • AUD/USD: $0.6300(A$813mln), $0.6500(A$702mln)
  • USD/CAD: C$1.3815-30($874mln)
  • USD/CNY: Cny7.3000($1.5bln)

STIR: SOFR Option Update: Leaning Bearish

May-05 14:16

Short end underlying rates trading at/near post ISM services data lows, projected rate cut pricing steady to mildly lower vs. morning levels (*) as follows: May'25 steady at -0.5bp, Jun'25 at -8.2bp (-8.4bp), Jul'25 at -23.8bp (-25.5bp), Sep'25 -43.8bp (-46.9bp).

  • -10,000 SFRU5 96.43/96.62 call spds, 3.25
  • +4,000 SFRU5 95.75/95.87 2x1 put spds, 0.5 ref 96.14
  • 2,000 SFRH6 97.18/98.25 call spds vs. 0QH6 97.25/98.25 call spds, 2.5 net/0QH6 over
  • +2,500 SFRH6 97.50/98.00 call spds, 7.5 ref 96.67
  • +5,000 SFRN5 95.75/95.87 put spds 2.0 vs. 96.195/0.05%
  • +4,000 0QM5/0QU5 97.00/97.50/98.00 call fly spd, 0.5 net