ENERGY: Trump On Truth Social Signalling Talks Yesterday Were 'Productive'

Mar-14 13:43

Headers from Trump post on Truth Social: 

  • “*TRUMP: WE HAD VERY GOOD TALKS WITH PUTIN YESTERDAY”
  • “*TRUMP: GOOD CHANCE THAT UKRAINE WAR CAN COME TO AN END”
  • “*TRUMP: REQUESTED TO PUTIN THAT UKRAINE TROOPS BE SPARED” -bbg
  • Suggests talks yesterday were ‘good’ and ‘productive’. Also suggests some form of communication between Putin and Trump has taken place in the form of a request to save Ukrainian lives.
  • TTF front month and crude have both softened following the post, with progress towards a peace agreement seen as bearish as it could allow for reduced sanctions on Russia and increased pipeline flows into Europe.
  • TTF APR 25 down 1% at 41.65€/MWh
  • Brent MAY 25 up 0.2% at 70.02$/bbl

Historical bullets

BUNDS: Falls 41 ticks post US CPI

Feb-12 13:42
  • Bund has fully closed the gap down to 132.34, and extended as low as 132.19 following the beat in the US CPI, it fell a total of 41 ticks post Data.
  • Looking at Technical, focus will be on the Yield and the 2.50%.
  • Today, reference 132.26, this level equates to 131.99.

US TSY FUTURES: BLOCK: March'25 2Y Post-Data Buy

Feb-12 13:41
  • +10,000 TUH5 102-18, buy through 102-17.62 post time offer at 0834:05, DV01 $370,000. The 2Y contract has since traded down to 102-16.75 last (-5.62).

US TSY OPTIONS: Large March'25 10Y Put Sale - Unwind

Feb-12 13:39
  • -30,000 TYH5 109 puts from 43 to 45 post data, continued unwind of over 100k bought last couple weeks from 18-22. March options expire Feb 21.