US 10YR FUTURE TECHS: (U5) Support Holds

Jul-03 15:56
  • RES 4: 113-07   76.4% retracement of the Apr 7 - 11 bear leg 
  • RES 3: 112-23   High May 1 and key resistance
  • RES 2: 112-12+/15 High Jul 1 / 61.8% of the Apr 7 - 11 sell-off
  • RES 1: 111-28   High Jul 3  
  • PRICE:‌‌ 111-08 @ 16:55 BST Jul 03
  • SUP 1: 110-30+ 50-day EMA        
  • SUP 2: 110-16   Low Jun 20
  • SUP 3: 110-10+ Low Jun 16 
  • SUP 4: 110-03 76.4% of the May 22 - Jul 1 bull leg 

A bull cycle in Treasury futures is intact, particularly as the intraday pressure Thursday saw price bounce off 50-day EMA support. Nonetheless, prices remain below Tuesday’s high and today’s sell-off marks an extension of the short-term correction. Support to watch is 110-30+, the 50-day EMA. A clear break of this average would signal scope for a deeper correction and also highlight a possible reversal. For bulls, a move higher would refocus attention on 112-15, the 61.8% retracement of the Apr 7 - 11 steep sell-off.

Historical bullets

OPTIONS: Larger FX Option Pipeline

Jun-03 15:45
  • EUR/USD: Jun05 $1.1050(E5.9bln), $1.1300(E2.3bln), $1.1375-85(E1.6bln), $1.1400(E2.2bln), $1.1415-25(E1.6bln), $1.1500(E1.5bln); Jun06 $1.1500(E1.0bln); Jun09 $1.1425(E1.7bln)
  • USD/JPY: Jun05 Y142.00($1.2bln), Y143.00-05($1.1bln), Y145.00-20($1.6bln)
  • AUD/USD: Jun06 $0.6300(A$1.5bln)

SOFR OPTIONS: Update Dec'25 SOFR Put Spread Buyer

Jun-03 15:40
  • +26,000 SFRZ5 95.37/95.62 put spds, 1.12-1.25 ref 96.15

SONIA: SFIZ5 Call Spread vs Mid Curve Call Spread

Jun-03 15:22

SFIZ5 96.30/96.50 call spread vs 2NZ5 96.60/96.80 call spread, paper pays 1.75 for 4k