Posted 1/5/2024, 12:40:00 AM
Big Options Bet Expects Treasury Yields to Spike on Strong Jobs Data
- Large bearish options trade bets on a surge in 10-year Treasury yields to 4.15% on Friday following the jobs report
- Wager times with expectations for a strong December jobs report showing resilient labor market
- Options trade targets biggest one-day rise in 10-year yields since March
- Trade could net $10 million profit if 10-year yield hits 4.20%
- Key focus will be on hourly earnings data as indicator of wage inflation