SOFR futures volume and open interest increase aided by new participants and continued usage in repo market applications.
There were some large interest rate block trades overnight, but futures moved in a relatively tight range prior to the NFP release. Futures hit new lows after a strong number gave credence to the idea of a pause in Fed rate cuts.
Tight futures trading ranges overnight with minimal option activity. Futures traded down to the low end of their range following the release Q3 GDP numbers. Drifted higher as market participants waited for the FOMC decision.
Minimal economic news kept futures in a tight range, with total day ranges of 5-6 ticks and day session ranges inside of that. Option flow was concentrated on upside structures as the Fed decision looms at mid-week.
Trades we are monitoring today. If you’re also looking at the Silver Options volatility this might be a trade that’s worth a look.
The slow overnight session was punctuated by some large block trades entered yesterday evening. Futures touched their lows early in the morning and worked their way to the top of the range shortly after the equity open.
Interest Rate traders saw light activity overnight, which carried over into the day session. No major economic numbers to move markets as traders wait for next week’s FOMC decision.
Trades we are monitoring today. this structure caught our attention, as being one of few value trades that was being executed. If you’re on the steepening track in the US, the recent drop in 30-Year Vol might be worth a look.
Futures traded their range overnight as geopolitical news broke futures early and they began their climb back prior to the pit open. Economic releases did little to move futures in any meaningful direction as tighter ranges were seen for the remainder of the day.
Slow overnight trade and minimal option activity. Eurodollar STIR futures traded higher without any real data points.