SECURITY: Trump To Speak w/Zelenskyy And Euro Leaders After Ukraine Summit Thurs

Sep-03 15:57

The Elysee confirmed that French President Emmanuel Macron, Ukrainian President Volodymyr Zelenskyy and ‘several other heads of state’ will speak with President Donald Trump at 08:00 ET 13:00 BST tomorrow, after a meeting of the ‘Coalition of the Willing’ in Paris.

  • Trump said alongside Polish President Karol Nawrocki in the Oval Office that roughly 10,000 US soldiers will remain deployed in Poland, adding that number could be increased "if they want".
  • Zelenskyy confirmed a short time ago that he discussed a US backstop to security guarantees w/EU counterparts in Copenhagen today: “We have signals from the US of a possible backstop [and] the role of EU membership in this holistic system of security guarantees...”
  • Trump reiterated to reporters yesterday that there will be “consequences” for Putin slow-walking a meeting with Zelenskyy. He added: “I had actually a very good meeting with [Putin] a couple of weeks ago. We'll see if anything comes out of it. If it doesn't, we'll take a different stance.”
  • It is unlikely Putin's recent concessions on a meeting will be seen by the White House as sufficient progress. See SECURITY: Putin Offers To Meet Zelenskyy And Trump In Moscow
  • Treasury Secretary Scott Bessent told Fox on Monday that “all options are on the table” for further sanctions on Russia, adding “we’ll be examining those very closely this week.”
  • Bessent and White House officials said EU countries need to align with the US on halting Russian oil purchases, but have equivocated on pursuing a similar secondary oil tariff on China to the one imposed on India.
  • US Ambassador to NATO, Matthew Whitaker, told Bloomberg yesterday that the US has refrained from imposing secondary sanctions on China because of ongoing trade negotiations.

Historical bullets

OPTIONS: Expiries for Aug05 NY cut 1000ET (Source DTCC)

Aug-04 15:52
  • EUR/USD: $1.1425(E1.6bln), $1.1450-56(E574mln), $1.1500(E1.4bln), $1.1550(E2.3bln), $1.1585-00(E3.2bln), $1.1650-60(E784mln)
  • USD/JPY: Y146.00($611mln), Y147.45-53($630mln), Y148.00($558mln)
  • GBP/USD: $1.3330-60(Gbp1.0bln), $1.3390(Gbp643mln)
  • EUR/GBP: Gbp0.8650-70(E1.3bln)
  • AUD/USD: $0.6465-80(A$1.2bln)
  • USD/CAD: C$1.3850($601mln)

US TSY FUTURES: BLOCK: Sep'25 2Y Buy

Aug-04 15:48
  • +6,600 TUU5 103-30.5, buy through 103-30.38 post time offer at 1139:00ET, DV01 $244,000.
  • The 2Y contract trades 103-31 last, +.25

US TSY OPTIONS: Large Sep'25 5Y Put Fly Buy

Aug-04 15:44
  • +25,000 FVU5 107.5/108.25/109 put flys, 12 vs. 109-07.5/0.14%
  • Bid for more