US dollar index looks to be turning lower. This will help sustain a turn around in a number of commodities that look to be reversing downward momentum to up. Since commodities are priced in dollars they become more expensive (prices rise) as the dollar weakens and vice versa. This back ground means there will be upward pressure on treasury yields in the near term. See charts below.
10yr.
104
Bot
1000
N13/15p
2
12010/10+
287
Bot
2000
N17/18+p
16
12010/10+
287
Bot
500
N18p
23
12001/01+
287
Bot
1000
N18/19c
45
11925/25+
444
Bot
1000
N16/17p
6
12001/01+
685
Bot
500
Q19+p
112
12002/03
830
Bot
1250
U22c
63
U12002
Local
Bot
500
N/U20c cal
47
11929/29+
444
Sold
500
U19c
222
U12000
560
Sold
600
N17/18+p
19
11929/29+
685
Sold
500
N20p
58
12009/09+
685
Sold
750
U20Stdl
338
122002/03
685
Sold
500
N20Stdl
205
U11929
714
Sold
5000
N23+c
10
12001+/02
Open interest report shows above trade is new position.
830
Sold
2000
Q19/22Stg
146
12012/12+
Local
Sold
500
N/U22c cal
39
12001+/02
30yr.
560
Bot
1000
N18p
15
12317/18
560
Bot
2000
N27c
44
12320
560
Bot
2000
U+22p/-10/12pstupid
208
12302/03
560
Bot
500
N10/12p
1
12228/29
660
Sold
2500
Flex124c exp today
5/4/3
12308/09
2 + 5yr.
287
Bot
5000
TU U 108.5p
10.5/11
287
Sold
2000
TU U108.2/108.7pspd vsU109.5c
1
Above trades are all new positions for Man. On the package they sold the 109.5
calls and bought the but spread for a 1 tick credit.
Fed Fund
287
Bot
2000
M75p
.50
M9978.25/50
690
Bot
500
M81c
.25
M9978.25/50
915
Bot
750
N75/81/87cfly with M68/75pspd
2.75
006
Sold
1000
N75/81/87cfly with M68/75pspd
2.75
685
Sold
500
Q81c
.50
Q9976+/77
690
Sold
250
M75p
.50
M9978.25/50
714
Sold
1000
M75/81Stg
.75
M9978.25/50
915
Sold
1000
M75p
.50
M9978.25/50
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