OPTIONS: Yet More Sonia Call Condor Buying

May-22 16:52

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Friday's Europe rates/bond options flow included: * ERM6 97.75/97.62/97.50p fly, sold at 6.5 in 8k ...

Historical bullets

IRAN: Headlines from Qalibaf on Breach of Ceasefire

Apr-22 16:46
  • "IRAN'S TOP NEGOTIATOR QALIBAF SAYS A COMPLETE CEASEFIRE ONLY MAKES SENSE IF IT IS NOT VIOLATED BY THE MARITIME BLOCKADE AND 'HOSTAGE-TAKING OF THE WORLD'S ECONOMY'
  • "QALIBAF SAYS REOPENING THE STRAIT OF HORMUZ IS IMPOSSIBLE WITH SUCH A 'FLAGRANT BREACH OF THE CEASEFIRE'" (Reuters)

FED: US TSY 19Y-10M BOND AUCTION: NON-COMP BIDS $56 MLN FROM $13.000 BLN TOTAL

Apr-22 16:45
  • US TSY 19Y-10M BOND AUCTION: NON-COMP BIDS $56 MLN FROM $13.000 BLN TOTAL

US TSYS: Midday Update: Extending Lows as Crude Rises, 20Y Auction Re-Open

Apr-22 16:43
  • Treasury futures are currently extending session lows as crude prices continue to gain (WTI +3.64 to $93.31/bbl) - despite cooling middle east tension after Pres Trump extended a ceasefire period with Iran late Tuesday for another 3-5 days. Markets apparently discounting hope that a swift Hormuz Strait reopening.
  • TYM6 currently -2.5 at session low of 111-07, technical support to watch is 110-16, the Apr 2 low. 10Y yld rises to 4.2995%.
  • Curves bear flatten: 2s10s -.973 at 49.638, 5s30s -.952 at 97.899.