US FISCAL: Transcript of CBO's Swagel Speaking With Minneapolis Fed's Kashkari
Oct-08 19:18
We've published a rough transcript of the conversation Thursday between Congressional Budget Office ...
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US TSYS: Late SOFR/Treasury Option Roundup
Sep-08 19:09
- SOFR & Treasury options trade outlined below: with few exceptions (Oct 30Y call buy outlined), SOFR & Tsy option flow revolved around low delta put structures. Underlying futures weaker, extended lows after late Iran headlines weighed on sentiment. Projected rate hike pricing gains slightly vs. late Friday levels (*): Sep'26 at +15.4bp (+15bp), Oct'26 at +22.1bp (+21.6bp), Dec'26 35.7bp (+34.9bp), Jan'27 41.6bp (40.6bp).
- SOFR Options:
- +2,000 SFRZ6 95.87/96.00/96.12/96.25 put condor with 95.81/95.93/96.06/96.18 put condor strip 6.25 total
- Block, +8,000 2QU6 95.81 calls, 1.5 ref 95.735/0.20%
- Block, +10,000 SFRM8 98.00/99.00 call spds, 3.5 vs. 95.705/0.05%
- -4,000 SFRU6 96.06 puts, 0.5
- 5,000 SFRV6 95.81 puts
- 4,500 SFRV6 95.75/95.87 put spds
- 2,000 3QV6 95.75/96.00 call spds ref 95.71
- 2,500 SFRU6 96.18 calls, 1.25 ref 96.14
- Treasury Options:
- Update, over +27,000 USV6 110.5 calls, 15 ref 108-20 to -15
- 5,000 USV6 104/105 put spds vs. 112/114 call spds
- Update, over -20,000 TYV6 107.25 straddles, 57-56 ref 107-12.5
- -8,000 TYV6 107.5 straddles, 1.25
- -4,000 TYV6 107.5 puts, 29 ref 107-12
- 2,500 FVX6 104.5/105.5 put spds, put spds
- over 6,700 USV6 110 calls, 23 ref 108-21
- 3,000 USZ6 109/112 call spds, 63 ref 108-13
- +/-30,000 TYX6 107.5 puts, (paid 49 followed by sale at 50) ref 107-11.5
- +4,000 TYX6 110 calls vs. TYV6 111 calls, 5 net
- -2,000 TYX6 107/108 strangle vs. TYV 108/109 call spds, 46 net
- -2,000 TYX6 107.5 puts, 49
- 1,500 TYV6 106.25/107 put spds 13 ref 107-12
- 1,500 TYV6 106.75/107.75/108.25 broken put flys, 14 ref 107-14
- 3,000 TYV6 111 calls vs. TYX6 110 calls
- +/-2,500 TYV6 106.5 puts, 10
- 2,600 FVV6 105.5 puts, 21
- +3,000 TUV6 102.75 calls, 5.5
- -6,000 wk2 TY 107.5/108.5 call spds, 11
US STOCKS: Late Equities Roundup: Remain Weaker
Sep-08 19:02
- US equity indexes remain weaker late Monday, off lows - but maybe not for long as crude prices rebound on late Iran headlines and reports of explosions on Kharg Island. WTI Crude prices rallied earlier amid further Houthi attacks on Saudi infrastructure Tuesday and with US-Iran tensions elevated. Currently, the DJIA trades -1.18%, SPX emini -0.44%, Nasdaq -0.2%.
- Health Care and Financial sector shares underperformed with Amgen and Stryker Corp trading -9.5%-8.0%, while Zimmer Biomet Holdings, Intuitive Surgical and Insulet Corp retreated 5.5-4.0%.
- Insurance and services stocks weighed on the Financials sector: Fidelity National Information -5.2% while the following declined -4.5-3.5%: FactSet Research Systems Inc, Brown & Brown Inc, Fiserv Inc, Arthur J Gallagher & Co and MSCI Inc.
- Not unexpectedly, oil and gas stocks led advances with Texas Pacific Land Corp, Valero Energy Corp, Marathon Petroleum Corp and Phillips 66 trading +1.9-4.8% higher on the back of this morning's crude bounce.
MNI: US JUL CONSUMER CREDIT +$18.1B
Sep-08 19:00
- MNI: US JUL CONSUMER CREDIT +$18.1B
- US JUL REVOLVING CREDIT +$2.8B
- US JUL NONREVOLVING CREDIT +$15.3B
