HALISTER1: Treasuries Underpinned as Stocks Slide; Front-End Flows Mixed

Treasuries Underpinned as Stocks Slide; Front-End Flows Mixed

(Bloomberg) -- Treasuries pare losses as stocks edge lower ahead of the cash close; front-end flows remain active as volume surges amid resumption of re-positioning ahead of Yellen and Fischer tomorrow.
  • Heaviest volume seen in Jun17 eurodollars with 576k traded so far today, largest daily volume in the contract since Dec. 14 FOMC and more than double average 30-day volume
  • Flows over afternoon session include options block trade in May eurodollar 9850/9900 risk reversal 25k at even, executed at 1:17pm ET; puts being sold, calls bought, Chicago-based trader says
  • Front-end buyers emerge, fading recent eurodollar dip; around 17k EDZ7 bought between 9835.5 to 9836, New York- based trader says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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