Good morning and welcome back to the morning update.
Yields continue to inch higher and the 10-year note yields are currently testing 2.9 percent, which is quite a big deal considered that at the beginning of March yields were trading below 1.7 percent.
Yesterday James Bullard, who is a FOMC voter said, that he isn't ruling out a 75 bps hike. Also, according to french finmin Le Maire an embargo on Russian oil is in the works. Such a move could send oil higher to 185 dollar according to JPM.
Dealer gamma totals -485MM currently, while the major gamma strikes stay largely unchanged. Gamma inverts at 4480, support can be identified at 4350 and 4300.
Yields continue to inch higher and the 10-year note yields are currently testing 2.9 percent, which is quite a big deal considered that at the beginning of March yields were trading below 1.7 percent.
Yesterday James Bullard, who is a FOMC voter said, that he isn't ruling out a 75 bps hike. Also, according to french finmin Le Maire an embargo on Russian oil is in the works. Such a move could send oil higher to 185 dollar according to JPM.
Dealer gamma totals -485MM currently, while the major gamma strikes stay largely unchanged. Gamma inverts at 4480, support can be identified at 4350 and 4300.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.