Treasury Trading Update

Oil prices up over $73/brl. Other commodities are showing improvement as well. The effect on treasury yields is pretty much lock- step as usual. Take a look at hourly and daily momentum signals. For today will expect further sideways to down action. Equities continue to struggle and global crisis by no means over so things could turn around quickly, but at this moment does not look likely for today.

Some of the larger flows in Treasury options from Wednesdays session listed below.

10yr.
Local	B/S	500	N21/22+/24cfly	14	1206/06+
Local	B/S	500	N17/17+/18pfly	2	12009/09+
685	Bot	500	N18p	22	U12014
685	Bot	1000	+N20p/-N20+c	9/10	12003+/04
685	Bot	600	N18+p	31	U12007
714	Bot	2000	N17/19p1X2	13	12009+/13+
714	Bot	1000	N16+/17+p	8	12005/05+
197	Sold	5000	N22c	31	12005/06+
370	Sold	1000	U22c	103/104	U12003/04
370	Sold	2500	N18+p	28	U12008+/09
660	Sold	1000	U20Stdl	348	U12003/05
685	Sold	500	Q20+p	140	U12008+/09
685	Sold	500	N19Stdl	236	U12012
685	Sold	2000	U15+p	28	U12008/08+
714	Sold	800	U10/14p	13/12	12004/04+
714	Sold	1000	N19p	42	12003/03+
30yr.
560	Sold	1500	N22p	107/105/103	12410/11
560	Sold	500	N22p	102	^U12405
660	Sold	500	N18p	16	^U12404
Fed Fund
560	Sold	1250	M75/81p	2.75	M9978/78+
690	Sold	700	X75/81/87cfly	2	X9970/70+
915	Bot	700	X75/81/87cfly	2	X9970/70+
714	Bot	6900	X50/Z43p stupid	6
714	Sold	7000	G50p	8	G9959-59+
690	Bot	1000	G50p	8	G9959-59+
690	Sold	100	F75c	2.75	F9966/66+
287	Bot	2000	F68/81 c1x2	6	F9966/66+
660	Bot	500	G50p	8	G9959-59+
690	Sold	1100	F68/81 c1x2	6	F9966/66+
690	Sold	500	F81/87c	.50	F9966/66+
287	Bot	400	G50p	8	G9958/58+
825	Bot	500	F81c	.50	F9964+-65
830	Sold	200	M68/87p	9	M9978/78+
690	Bot	400	G9900p	2	G9956+/57
915	Bot	250	N68/75/81cfly	2.75	N9977/77+
737	Sold	250	N68/75/81cfly	2.75	N9977/77+
915	Bot	300	M75/81p	2.75	M9978/78+