US TSY FUTURES: UXY Blocked
Feb-13 08:37
Latest block trade lodged at 08:18:25 London/03:18:25 NY:
- UXYH5 2,250 lots blocked at 111-00+, looks like a buyer.
- DV01 ~$195K.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EURIBOR OPTIONS: Call fly vs put spread
Jan-14 08:37
ERM5 97.625/97.75/97.875c fly vs 97.4375/97.3125ps, bought the fly for 0.25 and half in 9k.
EGB SYNDICATION: 10-year GGB: Books open
Jan-14 08:29
- Guidance: MS+107bps area
- Size: Benchmark (MNI expects E3-4bln)
- Maturity: 15 June 2035
- Settlement: 21 January, 2025 (T+5)
- ISIN: GR0124041758
Via Bloomberg / market source
GILTS: Benefitting From Wider Bid
Jan-14 08:27
Gilts track global peers higher, with media reports pointing to the potential for a more gradualist tariff approach from President-elect Trump and Franch political headlines providing support.
- Futures as high as 89.72 before fading back to 89.55.
- Bearish technicals intact, initial support & resistance located at 88.96/90.31.
- Yields 1-3bp lower, curve bull steepens.
- 10s spread to Bunds 2bp tighter, oscillating around 225bp.
- BoE-dated OIS still pricing 44bp of cuts through year-end, SONIA futures flat to +3.0.
- Today’s GBP1.0bln 30-year 1.25% Nov-54 I/L gilt auction will probably get more attention than usual, with the potential for it to be viewed as a litmus test for demand by wider markets given the recent weakness in UK assets.
- Chancellor Reeves’ will appear in the Commons later today, with MPs set to question the UK’s fiscal outlook after the recent increase in market-based fiscal risk premia.
- Don’t expect much of a change in tone, with her focus set to remain on the upholding of fiscal rules and a desire to generate economic growth.
