July 14.

July 14.  In this environment EDU10/EDZ10 settling at 7 bps is simply too low.  I would further say that EOH 9850 straddle is too low at 65. 
–Curve steepened a bit with 2/10 up 4 bps to 245. The most interesting thing I see in the market is that an onslaught of bond supply and a surging stock market based on rosy earnings is creating only a small concession in the price of ten year notes.  If the stock market is cheap then why would anyone accept yields of just over 3% in ten year notes.  
–Retail Sales expected -0.2%.  30 year auction.  FOMC minutes.

Posted on July 31, 2010 at 8:50 am by alexmanzara · Permalink
In: Eurodollar Options

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