US DATA: Supercore PCE Unrounded

Dec-20 13:38
  • Supercore PCE (core services ex housing): 0.159% M/M in Nov after 0.337% in Oct (initial 0.356) and 0.290% in Sep (initial 0.309).
  • It’s the softest pace of supercore since May having averaged 0.27% M/M in the interim.

Historical bullets

BONDS: Little Respite For Bulls

Nov-20 13:31

Recoveries remain limited, with the latest round of buying in core global FI markets quickly countered as TY registers fresh session lows.

  • Little major news flow since this morning’s UK CPI data, with the future of the Russia-Ukraine war and speculation surrounding Trump’s Treasury pick continuing to garner most of the attention.
  • Bunds have caught up to the weakness in gilts, with 10-Year yields in both +4bp on the day, while 10-Year Tsy yields are 3.5bp higher.

EUR: Longer dated Exchange traded Option

Nov-20 13:28

EURUSD (05/12/25) 1.0800c, bought for 0.03030 in 6k.

US TSY FUTURES: BLOCK: Dec'24 2Y Buy

Nov-20 13:18
  • +5,000 TUZ4 102-20.38, post time offer at 0812:47ET, DV01 $180,000. The 2Y contract trades 102-20.62 last (-1.62)