HEALTHCARE: Healthcare: Week in Review
Feb-14 13:15
* A very strong week for Eurofins. FY25 Objectives stated an intention to "achieve self-financing ...
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STIR: Repo Reference Rates
Jan-15 13:13
- Secured Overnight Financing Rate (SOFR): 4.28% (-0.01), volume: $2.179T
- Broad General Collateral Rate (BGCR): 4.27% (-0.01), volume: $840B
- Tri-Party General Collateral Rate (TGCR): 4.27% (-0.01), volume: $825B
- (rate, volume levels reflect prior session)
GILT PAOF RESULTS: GBP1.00bln of the 4.25% Jul-34 Gilt sold.
Jan-15 13:09
- GBP1.00bln had ben available.
- This means GBP35.637bln of the gilt remain in issue.
US TSY OPTIONS: Early SOFR/Treasury Option Roundup: Call Buying Ahead CPI
Jan-15 13:08
Active overnight trade with SOFR & Treasury call options seeing varied trade ahead of this morning's CPI inflation data (TY midcurve call buying 2 day option in decent size, appr 4.55% yld). Underlying futures gaining, TYH5 near recent highs at 107-17.5 (+6). Curves mixed, however (2s10s -1.60 at 40.539, 5s30s +1.335 at 38.909) with short end lagging support. Projected rate cuts through mid-2025 near steady, current vs. late Tuesday levels* as follows: Jan'25 steady at -0.7bp, Mar'25 at -4.9bp (-5.1bp), May'25 -10.3bp (-10.2bp), Jun'25 -17.7bp (-17.9bp), Jul'25 at -21.7bp (-21.2bp).
- SOFR Options:
- over 13,000 SFRJ5 96.25/96.50 call spds
- over 7,100 SFRJ5 96.00 calls
- 3,600 SFRJ5 95.81/95.93/96.06 call flys ref 95.85
- 1,650 SFRM5 95.93/96.12 call spds vs. 95.56/95.68 put spds ref 95.845
- 3,500 0QU5/3QU5 95.25 put spds, 2.5 cr flattener (3QU sold over)
- 1,200 SFRZ5 99/100/101 call flys ref 95.91
- Treasury Options: (Note, Tuesday's huge TYH5 108.5 call buying saw total volume of 133,834, prelim open interest +98,051 to 129,368 this morning).
- over 31,000 wk3 TY 108.25 calls, 5 vs. 107-16.5/0.17% (expire Friday)
- 4,000 TYG5 108/108.5 2x3 call spds ref 107-17
- 5,000 TYH5 106 puts 22 ref 107-17
- 4,000 wk3 TY 108/108.5 2x3 call spds ref 107-17
- 8,000 TYH5 106/107 put spds ref 107-17
- 4,600 TYG5 107.75/108.5 call spds, 13 ref 107-16.5
- 3,500 TYH5 108/109.5 2x3 call spds ref 107-16.5
- +3,000 FVH5 107/108 call spds, 5.5 ref 105-16.5
- 2,000 TYG5 105.75/106.75 put spds trf 107-14.5
- Block, +9,000 wk3 TY 108 calls 8 vs. 107-15.5/0.25%, more on screen at 9
- 4,000 FVH5 106.5/107 call spds, 6.0-6.5 ref 105-17.5 to -16
