…but they aren’t that big.
There’s a notional $625m expiring at 99.50 and $411m at 0.9970 along with small expiries at 99.40, 99.55 and 99.75. Others stretch from 88.80 to 108.15 and overall there is a large volume of expiries today but no single one is daunting.
To put it in perspective there is more than $700m expiring tomorrow in USD/CAD at 1.0335. That’s a bigger expiration in a much smaller market.
In any case, after yesterday’s tomfoolery the market is understandably a bit jittery.
