CANADA DATA: Skilled Labour Shortages Improve With Wage Expectations
Jun-29 11:28
- Along with the cooling in wage expectations from 3.2% to 2.9%, the CFIB survey also showed an improvement in the share of firms seeing skilled labour shortages limiting sales/production.
- The 48% seeing skilled labour shortages as a limiting factor is down from 51% in May and, as with the case in overall wage expectations, is the lowest since Feb’22.
- It remains historically elevated though, compared to the 41% averaged through 2019 or 38% in 2017-18.
- Ahead sees further labour market details of note with fixed weight wage growth and vacancies in the SEPH report at 0830ET, before tomorrow’s business outlook survey for Q2 which will include its own measure of wage expectations, something the BoC is watching very closely.
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OPTIONS: Expiries for May30 NY cut 1000ET (Source DTCC)
May-30 11:19
- EUR/USD: $1.0690-00(E1.7bln), $1.0770-85(E2.0bln)
- USD/JPY: Y135.85-00($966mln), Y136.50($628mln), Y138.00($725mln), Y138.50($541mln)
- GBP/USD: $1.2295-00(Gbp507mln)
- AUD/USD: $0.6550(A$507mln)
- NZD/USD: $0.6150(N$647mln)
- USD/CNY: Cny7.0400($500mln)
US TSY OPTIONS: Large 10Y Weekly Call Spread
May-30 11:13
- 22,000 wk2 TY 115.75/116.75 call spds ref 113-27.5, expire June 9
US TSYS: SOFR/Treasury Option Roundup
May-30 10:59
Mixed trade in SOFR and Treasury options overnight, the latter seeing better 5- and 10Y call trade after initially better puts. Underlying futures climbing higher, 10s +19 at 113-00, yield 3.7173% -.0810.
- SOFR Options:
- 4,000 SFRN3 95.00/SFRU3 95.12 call spds
- 4,150 OQM3 96.00/96.25 put spds ref 95.935
- 2,500 SFRM3 94.56 puts, 2.0 ref 94.70
- 2,500 SFRN3 94.50/94.75 3x2 put spds ref 94.79
- 2,000 OQM3 95.93/96.06/96.18 call flys ref 95.89
- 8,000 SFRM3 94.87/94.93/95.00 call flys, ref 94.70
- 5,100 SFRN3 94.75 puts, 16.5 ref 94.795
- 1,250 SFRU3 95.12/95.37/95.50 broken call flys ref 94.79
- Block, 5,000 SFRH4 95.25/95.50 put spds 7 over SFRH3 97.50/98.50/99.00 broken call flys
- Treasury Options:
- 5,000 TYN3 112.5 puts vs. TYN3 113.75/115.25 call spds ref 113-26.5
- 4,100 FVN3 110.75 calls ref 108-17.75
- over 11,000 FVQ3 110.5 calls, ref 108-15
- 5,500 wk2 TY 114 calls, 36 ref 113-22
- 1,500 FVN3 108.5 calls, ref 108-12.75
- 7,600 TYQ3 113.5 calls, 129 ref 113-18
- 5,200 FVN3 109 calls ref 108-11.75
- 5,700 FVN3 110 calls, ref 108-10.5
- 7,100 wk2 TY 114.5 calls ref 113-18.5
- 4,000 TUN3 102.5 puts, 21 ref 102-18.25
- 4,700 TYN3 110.5 puts, 13 ref 113-15.5
- 5,000 TYN3 113 puts ref 113-15.5
