A record-sized block trade in US short-term interest-rate futures, the biggest on record, drove gains for the Treasury market. The trade involved futures on the Secured Overnight Financing Rate. A bullish bet on interest-rate futures before the CPI report led to significant losses after a hotter-than-expected US inflation report.
A record-sized bullish bet on interest-rate futures that was made hours before Wednesday’s CPI report ended up being roughly $50 million in the red, based on price moves in the underlying December 2024 futures later in the session https://t.co/eTOgRaHT32
A record-sized bullish bet on interest-rate futures blew up after hotter-than-expected US inflation report https://t.co/qfnV1EQDju
Someone bet big on a benign US CPI report: A block trade in US short-term interest-rate futures Tuesday was the biggest on record and helped drive gains for the Treasury market. The trade involved futures on the Secured Overnight Financing Rate, the successor product to… https://t.co/6J9hvTFi0P
Bond Trader Places Record Futures Bet on Eve of Inflation Data - BBG https://t.co/jd4M7Ht6ry
A block trade in US short-term interest-rate futures Tuesday was the biggest on record and helped drive gains for the Treasury market. This of course is just before the CPI will be released Wednesday. https://t.co/dE9nMoWEUu via @markets