Monday's Europe rates/bond options flow included:
CONSUMER CYCLICALS: Metro AG; Daniel Krentisky makes offer to take co private
Feb-05 18:00
(MEOGR 29s; NR/BBB- Neg now) Bad news for the 29s continues, trades well tight on retail denominati...
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US: Joint Session Of Congress To Certify Presidential Election Underway Shortly
Jan-06 17:58
Vice President Kamala Harris is shortly due to gavel in a joint session of Congress to count Electoral College votes affirming President-elect Donald Trump’s presidential election victory. The count is expected to take around an hour. LIVESTREAM
- Today’s proceedings are expected to go smoothly with heightened security at the US Capitol following the unrest on January 6, 2021. Politico notes: “Our colleagues on the Hill team made the rounds to the Democrats who have symbolically protested the election results in the past; none of them plan on doing anything this time around.”
- US President-elect Donald Trump said in a short statement on social media this morning: "CONGRESS CERTIFIES OUR GREAT ELECTION VICTORY TODAY — A BIG MOMENT IN HISTORY. MAGA!"
OPTIONS: Notable Upside And Vol Buying To Start The Week
Jan-06 17:52
- OEG5 118.5/119.25/119.75/122.00c condor vs 117.5/116.25ps VS OEH4 118/118.5cs vs 117.00p. Bought the March cs for 5 and 6 in 13k. (selling out Feb into March)
- OEH5 118/119cs 1x2, bought for 8 in 1.5k.
- RXG5 124p, bought for 1.5 in 2.5k.
- ERJ5 98.00^, bought for 57.75 in 4k.
- ERZ5 98.12/98.50cs vs ERZ5 97.50p, bought the cs for -1 (receive) in 5k.
- ERZ5 98.25c, bought for 16.75 in 10k
- SFIZ5 95.30/94.80ps, sold at 8.5 in 4k.
- 2NH5 95.30/94.80ps, bought for 1.5 in 5k.
US TSYS/SUPPLY: WI 3Y
Jan-06 17:50
WI holding steady at 4.321% ahead of the $58B 3Y note auction (91282CMF5) cut-off at 1300ET, compares to last month's 4.117% high yield vs. 4.115% WI.
