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Jul-09 13:00

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Historical bullets

BONDS: Higher Oil Prices Still Weighing

Jun-09 12:57

Spill over from a continued uptick in oil (WTI threatening a clean break above $65.00, with Brent doing the same at $67.00) means that any demand in core global FI markets is short-lived at this stage.

  • Bund & TY futures back towards overnight lows, while BTP & gilt futures print fresh session lows.
  • The gilt contract is also through Friday’s low.
  • Tsy & Bund curves twist steepen, while UK yields see a parallel ~2bp shift higher across the curve.
  • Little of note in terms of macro news flow over the past couple of hours.
  • Geopolitics remains at the fore, with newswires flagging the potential for the U.S. -China meeting on trade to drag into Tuesday, while Axios have pointed to a call between U.S. President Trump and Israeli counterpart Netanyahu at some point during the U.S. morning.

FOREX: FX Exchange Traded Roll Pace

Jun-09 12:45

Some desks are taking the opportunity of the quieter markets to start rolling ahead of the US CPI Wednesday. Expect for the Roll to be completed by Friday.

EURUSD (M5/U5), was initially bought in early trade, went as high as 0.00702, now sold at 0.00698.


PACE (update):

  • EUR: 15%.
  • GBP: 19%.
  • JPY: 35% (above pace).
  • CHF: 19% (above pace).
  • CAD: 17%.
  • AUD: 12% (below pace).
  • NZD: 9% (below pace).

SOFR OPTIONS: Aug'25 SOFR Midcurve Call Sale

Jun-09 12:32
  • -10,000 0QQ5 96.87 calls, 4.0 vs. 96.565/0.26%

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