US TSYS: Post-Data Deluge React

May-15 12:36
  • Treasury futures extend highs after deluge of data: PPI lower than expected (priors up-revised, however), retail sales largely in line w/ prior up-revised, weekly claims largely in-line.
  • Tsy Jun'25 10Y futures currently trades 109-29.5 (+8) after climbing to 1109-31.5 high - still inside technicals: resistance above at 110-29 (20-day EMA), support below at 109-08 (Apr 11 low & key support).
  • Curves mixed: 2s10s +.823 at 48.954, 5s30s +3.092 at 83.197.
  • Cross asset: Stocks pare losses (SPX eminis at 5894.50), Gold climbing to 3185.0, Bbg US$ index retreats to 1228.72 (-3.85).
  • Next up: Fed Chair Powell at 0840ET on policy framework review (text, no Q&A). Data at 0915ET: IT/Cap-U.

Historical bullets

SONIA: Call spread vs put spread

Apr-15 12:35

SFIQ5 96.30/96.45cs vs 96.00/95.90ps, bought the cs for 2.5 in 6k.

SONIA: Call spread

Apr-15 12:31

SFIZ5 97.00/97.75cs, bought for 7.75 in 10k.

 

CANADA MARCH CPI +2.3% YOY VS PRIOR +2.6% ON Travel AND GAS

Apr-15 12:30
  • CANADA MARCH CPI +2.3% YOY VS PRIOR +2.6% ON TRAVEL AND GAS
  • CORE TRIM CPI +2.8% YOY FROM +2.9%, MEDIAN STEADY +2.9%