Eurodollar Spreads

Speaking about the FIT spread (5yr vs. 10yr ) someone rolled a monster one from March into June yesterday buying -3.5 in the 5yr calendar 100,000 times in one order and then literally within 1 minute turning and selling the 10yr calendar 60,000 times at Even. Both gave up edge lifting the offer and then hitting the bid. Weightings work out to exact FIT spread weighting of around 1.66 5yr notes to 1 10yr note. This is a pretty big flattener position.
 
Quote from mcurto:

Speaking about the FIT spread (5yr vs. 10yr ) someone rolled a monster one from March into June yesterday buying -3.5 in the 5yr calendar 100,000 times in one order and then literally within 1 minute turning and selling the 10yr calendar 60,000 times at Even. Both gave up edge lifting the offer and then hitting the bid. Weightings work out to exact FIT spread weighting of around 1.66 5yr notes to 1 10yr note. This is a pretty big flattener position.
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i am curious, why would someone doing that kind of size use futures instead of ir swaps? also does anyone know if tradeweb.com products are offered to retail?
 
Quote from garbo:

Anybody know a free source of Eurodollar spread charts (including historical)?

I just dumped my Tradestation account. IB's charts look a little funky.
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I been doing Euros for a few weeks with TS ... no problems as of yet but is there any reason why you dropped them ???
 
Quote from rosy2:

i am curious, why would someone doing that kind of size use futures instead of ir swaps? also does anyone know if tradeweb.com products are offered to retail?
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There's far greater liquidity on the futures as opposed to the swaps (at least exchange traded swaps).

That aside, the swap and futures do float quite a bit. Take a look at the 10 yr note vs 10 yr swap spread.
 
Ya, I guess if you are marking the position where both spreads settled today that does make sense he is down about 11.2 million. But I think it probably depends more on where he entered into the position in March futures several months ago. My guess is at better levels than the current ones.
 
Quote from lifegauge:

Hello

Happy to hear that there are ED traders here as well. I trade ED spreads and flys by checking the price and momentum movement - very basic technical analysis but has worked for me.

Here's my 2 bottles' worth (this is a Euribor trade):

ERH7-H8 Spread
.Bearish divergence over 1-2 months seen at top of range
..RSI and MACD have begun downward momentum even though price is at top of range
...Significant downward movement is likely

grab0021172822662.gif
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Lol, putting up this chart now doesn't make a lot of sense anymore.. currently trading at 9.5 (mid value) :D
 
I apologize for all 3 charts I posted, didn't set the dates properly. I will remove them and post again when I see something else.

cheers.
 
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