BTP: Very Light Widening In BTP/Bund Spread On Payroll Tax Cut Story
May-15 10:08
Bloomberg reports that Italian PM Meloni wants to reduce payroll taxes in next year's budget. The st...
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SOFR: SOFR FIX - 15/04/25
Apr-15 10:02
SOFR FIX - Source BBG/CME
- 1M 4.32813 0.0072
- 3M 4.27979 0.01925
- 6M 4.14224 0.02896
- 12M 3.90182 0.01303
BUNDS: Breaking below 131.00
Apr-15 10:00
- Small downside momentum in Bund after breaking below the 131.00 figure, the soft demand in the German supply has helped, but looking like some Fast Money short term long cover went through at those lower levels, which helps explain the lack of speed in the move.
- Mostly order flow related price action, 10k cumulative was sold in Bund, small support moves up to 130.75.
US TSY FUTURES: Short Cover Dominated On Monday
Apr-15 10:00
OI data suggests that net short cover dominated during yesterday’s rally, with some of the fast money-type accounts perhaps exiting shorts set last week as markets started the week on a stabler footing.
- Only modest net long setting in UXY futures broke the wider theme.
| 14-Apr-25 | 11-Apr-25 | Daily OI Change | OI DV01 Equivalent Change ($) |
TU | 3,990,577 | 3,995,866 | -5,289 | -199,955 |
FV | 6,378,968 | 6,410,943 | -31,975 | -1,380,446 |
TY | 4,737,391 | 4,769,881 | -32,490 | -2,096,789 |
UXY | 2,222,049 | 2,220,753 | +1,296 | +113,942 |
US | 1,793,095 | 1,807,035 | -13,940 | -1,763,972 |
WN | 1,844,070 | 1,848,387 | -4,317 | -805,855 |
|
| Total | -86,715 | -6,133,076 |
