Treasury Trading Update.

From today's Accutic Plus report:

In the early going comments from Ollie Rehn that collective action clauses could possibly be introduced on Greek debt caused a bit of risk on trade and we saw the Euro currency probe session lows.

We continue to see some decent OTM put buying - one large trade was targeting a move to 2.72% area on the on the run 10yr. note - that's well over 60 basis points higher from current levels.

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