BUNDS: Trading back at pre Cash Open level
Apr-09 08:51
- The German Bund is now back above where it was trading at on the Cash Open, when it fell a quick big 115 ticks, as Govies caught up with some of the big moves seen Overnight in Treasuries.
- Bund was trading at 130.25 pre Cash Open.
- The earlier bid in Risk has ran out of steam, and the selling looked to be Cash led in European Equities, although nothing big in terms of moves.
- US Tnotes has already seen over 1.2mln traded lots for this time of the Day, but the contract has stayed in a fairly tight range since the EU Open.
- Since Bund is up 36 ticks and US Tnotes is down 19.5 ticks, the Tnotes/Bund spread widens another 9bps and look to test the 175bps resistance right here.
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Historical bullets
STIR: J.P.Morgan Recommend Receiving 1Y1Y SONIA
Mar-10 08:49
J.P.Morgan recommended tactical receiving of 1Y1Y SONIA late on Friday.
- They noted that levels “close to 4% are approaching their cheapest since the end of January. Meanwhile, from a cross-market valuation standpoint, 1Yx1Y SONIA has cheapened vs. 1Yx1Y SOFR, with the spread reaching its widest levels since early November.”
US TSY OPTIONS: Weekly TY 110.00/109.75 Put Spread Blocked
Mar-10 08:46
Latest block trade lodged at 08:28:21 London/04:28:21 NY:
- Weekly TY options 110.00/109.75 put spread 9K blocked at 0-03, looks like a buyer of the put spread, this expires on Friday.
- Covered via 540 TYM5 futures at 110-25+.
STIR: SFRH5/M5 Sold
Mar-10 08:34
SFRH5/M5 6.6K given at -26.75.
