US TSYS: Early SOFR/Treasury Option Roundup

SOFR & Treasury options trade outlined below: SOFR volumes leaning toward upside calls, Treasury options leaning towards 10Y puts for second consecutive session. Underlying futures retreating - extending lows, 10Y yield +.0225 at 5.3220%. Rate hike projections vs. late Tuesday levels (*): Oct'26 at +12.4bp (+12.2bp), Dec'26 +32.0bp (+31.4bp), Jan'27 +42.2bp (+41.9bp), Mar'27 +58bp (+58.2bp). * SOFR Options * 2,000 SFRZ6 95.75/96.00/96.25 call trees, ref 95.68 * 3,250 SFRZ6 95.56/95.62 put spds ref 95.68 * 1,800 SFRZ6 95.62/95.75/95.87 put flys ref 95.675 * 6,500 0QX6 95.62 calls ref 95.275 * 2,000 SFRZ6 95.75/96.00 put spds * 9,000 SFRX6 95.75/95.87/96.00 call flys ref 95.68 * 7,500 SFRH7 97.75 calls, 0.75 ref 94.43 * 4,500 SFRV6 95.50/95.56/95.87/96.00 broken put condors ref 95.68 * 2,500 SFRZ6 96.37/96.50 1x2 call spds ref 95.68 * Treasury Options * over +23,000 TYX6 105/107 put over risk reversals * 4,000 TYZ6 105.5 puts, 42 ref 105-29 * 3,600 TYZ6 106 straddles, 149 ref 106-01.5 * 10,000 USV6 112 calls, ref 107-18 * 4,400 TYZ6 106 puts, 55 ref 106-02 * 1,000 USV6 107/108/109 call flys ref 107-24