FOREX: Very Volatile USD Swings as Trump Headlines on Fed Chair Dominate
Jul-16 16:44
* Initial price action on Wednesday saw the US dollar extend its cautious recovery, underpinned by...
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US TSYS/SUPPLY: Preview 20Y Auction Re-Open
Jun-16 16:15
Tsy futures remain mildly higher ahead of the $13B 20Y bond auction re-open (912810UL0) at 1300ET, WI is currently at 4.932%, 11.5bp rich to last month's tail. Today's results will be available shortly after the competitive auctions closes at 1300ET.
- May auction recap: Treasury futures extended lows (TYM5 109-23.5 -15) after the $16B 20Y Bond auction (912810UL0) tailed, drawing a high yield of 5.047% vs 5.035% When-Issued yield at the cutoff; 2.46x bid-to-cover vs. 2.63x prior.
- Peripheral stats: indirect take-up at 69.02% vs. 70.7% prior; direct bidder take-up 14.07% from 12.3% prior; primary dealer take-up of 16.91% vs. 17.0% prior.
SOFR OPTIONS: Latest Call Structures
Jun-16 16:09
- Update, total 20,000 0QZ5 96.75/97.00/97.50/97.75 call condors, 6.0 ref 96.72/0.05%
- Block, 5,000 SFRV5 95.75/95.93/96.50 broken call trees, 2.5 net ref 96.125
OPTIONS: Expiries for Jun17 NY cut 1000ET (Source DTCC)
Jun-16 16:07
- EUR/USD: $1.1625(E1.3bln)
