STIR: SOFR Option Roundup
May-02 13:57
Post-data SOFR options still leaning towards upside calls. Underlying futures weaker but off lows, p...
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US 10YR FUTURE TECHS: (M5) Tests Key Resistance
Apr-02 13:57
- RES 4: 112-23+ 1.618 proj of the Jan 13 - Feb 7 - Feb 12 price swing
- RES 3: 112-15 61.8% of the Sep 11 ‘24 - Jan 13 bear cycle (cont)
- RES 2: 112-13 1.500 proj of the Jan 13 - Feb 7 - Feb 12 price swing
- RES 1: 112-02+ Intraday high
- PRICE: 111-27+ @ 14:46 BST Apr 2
- SUP 1: 110-26+ 20-day EMA
- SUP 2: 110-11/06 50-day EMA / Low Mar 27
- SUP 3: 110-00 High Feb 7 and a key support
- SUP 4: 109-21+ Trendline support drawn from the Jan 13 low
Treasury futures are holding on to their latest gains following the recovery from last week’s low of 110-06+ (Mar 27). The outlook remains bullish and attention is on key resistance at 112-01, the Mar 4 high. It has been pierced, a clear break would confirm a resumption of the uptrend and maintain a price sequence of higher highs and higher lows. This would open 112-13, a Fibonacci projection. Initial support to watch is 110-26+, the 20-day EMA.
STIR: Early SOFR Option Update
Apr-02 13:45
- 5,000 SFRZ5 95.12/95.62 put spds ref 96.415
- 10,000 SFRK5 96.37/96.87 call spds vs 2,500 95.87 puts, 0.0 net vs. 95.925/0.78%
- -4,000 SFRU5 96.75/97.25 call spds, 4.5 ref 96.22
US TSYS: US 10yr Yield
Apr-02 13:40
- US 10 Yield is slowly approaching the March and the 2025 low of 4.1040%, equates to 112.03+ today, just 1 big Tick away.
- Further out, would open to 4.0580%, the 61.8% retrace of the Sep/Jan range, this level equates to 112.12 today.
(Chart source: MNI/Bloomberg).
