Trader Bags $12 Million in Bold Trade Right Before Jobs Data

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Trader Bags $12 Million in Bold Trade Right Before Jobs Data

Bloomberg2023-02-04

Huge fed funds wager placed 15 minutes before numbers came outHawkish block sale pays off as market prices in more Fed hikesJust minutes before the monthly jobs report was published on Friday, a ...

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Jeffljh
·2023-02-05
Ok.tks
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1
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Prosperity88
·2023-02-04
Ok
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Nggimseng
·2023-02-04
Nice
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LimBT
·2023-02-04
Ok
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nerdbull1669
·2023-02-04
Bold move == Good Reward
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JQC
·2023-02-04
Ok
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Greg2021
·2023-02-04
Bold move!
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Both releases led investors to price in additional expected tightening from the Federal Reserve this year.The trade was done via a block sale for 13,996 contracts, equivalent to approximate risk of $580,000 of profit or loss per each basis-point move in the contract. It was placed around 8:15 a.m. by a seller, according to traders familiar with the flow.The contract reached a low of 95.37 around 2 p.m., implying a federal funds rate of 4.63% on average in January 2024. That compares with a contract price of 95.59, or an implied rate of 4.41%, when the bet was placed.A Bloomberg analysis of screen volumes suggests that the trade has yet to be unwound as of 3 p.m. The position stands to gain further in value should investors continue to price in additional Fed tightening this year.Following Friday’s strong data, around 24 basis points of rate hikes are now priced in for the Fed’s next policy meeting in March, up from 21 basis points as of Thursday’s close. 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move == Good Reward","listText":"Bold move == Good Reward","text":"Bold move == Good Reward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955240102","repostId":1113949243,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955240977,"gmtCreate":1675475456499,"gmtModify":1676539005145,"author":{"id":"4106387998711340","authorId":"4106387998711340","name":"JQC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955240977","repostId":1113949243,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955257704,"gmtCreate":1675475243808,"gmtModify":1676539005129,"author":{"id":"3568957285760850","authorId":"3568957285760850","name":"Greg2021","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":8,"crmLevelSwitch":1},"htmlText":"Bold&nbsp;move!","listText":"Bold&nbsp;move!","text":"Bold move!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955257704","repostId":1113949243,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":118,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}