OPTIONS: UK Rate Selloff Sees Renewed Interest In Upside
Nov-14 17:52
Friday's Europe rates/bond options flow included:
- OATZ5 123.25/123.75cs vs 120.25/119.75ps, traded 5 for the cs in 2k.
- ERZ5 98.18c, bought for 0.25 in 11k
- ERM6 97.93/97.81ps 1x2, bought the 1 for flat in 7.25k
- SFIH6 96.25/96.35/96.65/96.75 call condor, bought for 6 & 6.25 in +10k
- SFIM6 96.70/96.85/96.90/97.05c condor, bought for 2.5 in 10k.
- SFIM6 96.80/96.90cs, bought for 2.25 in 5k
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US: FED Reverse Repo Operation
Oct-15 17:48
RRP usage bounces to $5.484B with 20 counterparties from $3,516B Tuesday (lowest level since early April 2021). Compares to this year's high usage of $460.731B on June 30.
US LABOR MARKET: MNI US Employment Report, Oct 2025: Labor Market Stays Soft
Oct-15 17:44
With the BLS’s nonfarm payrolls report for September delayed indefinitely, MNI has compiled a “Shadow” Employment Report that assesses latest developments via the data we do have for the month. PDF here
- Alternative private sector indicators of jobs growth paint a mixed picture on the extent of the latest additional softening beyond that seen in latest BLS payrolls data to August.
- With ratios keenly watched by FOMC members, various unemployment rate metrics point to further increases including to new recent highs in the Chicago Fed’s final indicators report.
- State-level jobless claims data look contained though, with the labor market still best characterized as in a low fire, low hire state.
US STOCKS: Midday Equities Roundup: Unwinding Early Support
Oct-15 17:38
- Stocks had extended session highs earlier after Treasury Sec Bessent suggested the possibility of a "longer tariff truce with China tied to rare-earth imports", but retreated with Treasuries following headlines that the EU is discussing "preferential treatment to give domestic firms bidding for public contracts worth about €2.5 trillion ($2.9 trillion) a year," according to Bloomberg.
- Currently, the DJIA trades down 59.6 points (-0.13%) at 46,210.81, S&P E-Minis down 1.5 points (-0.02%) at 6,685, Nasdaq up 40.2 points (0.2%) at 22,563.41.
- A mix of Utilities, Communication Services and Information Technology sector shares held firmer after midday: Bunge Global +10.70%, Advanced Micro Devices +6.05%, Prologis +5.64%, First Solar +5.41%, Morgan Stanley +5.27%, Moderna Inc +4.76% and Generac Holdings +4.58%.
- Leading decliners included stocks from Industrials, Materials and Health Care Sectors: Axon Enterprise -7.33%, Progressive Corp -7.17%, F5 Inc -5.59%, Allstate Corp -5.24%, Abbott Laboratories -4.49%, L3Harris Technologies -4.32%, GE Vernova -4.03% and Motorola Solutions -4.00%.
