Treasury Option Action: mixed trade at long-end Treasury Option Action: mixed trade at long-end included the bullish purchases of 10k in December 127.5/129.5 call 1x2s and 4k in November 124.5/125.5 call spreads. Further out, there was a sale of 2k in December 146 calls on bond futures as well. December 10s are still 3.5-ticks firmer at 126-035, while December bonds are flat near 140-19.
Crude Inventories for the week of October 3 Crude oil inventories 5.02M build vs. consensus of 2.0M build. Gasoline inventories 1.18M build vs. consensus of 500K draw. Distillates 439K build vs. consensus of 1.25M draw.
UBS healthcare services analyst holds an analyst/industry conference call Healthcare Services Analyst Rice, Leisure Analyst Farley and Airlines Analyst Genovesi assess the current situation with the Ebola outbreak and the readiness of the U.S. healthcare system to address the challenge on an Analyst/Industry conference call to be held on October 8 at 11 am.
Oil Action: NYMEX crude hit a new trend low Oil Action: NYMEX crude hit a new trend low of $87.39 overnight, before recovering to current $88.10 levels. Global growth fears, which have been roiling the equity markets this week, have spilled over into the oil market, where the ongoing supply/demand equation remains out of balance. With recent lows now broken, traders see scope for a move toward $85/bbl in the coming sessions.