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Sales & Trading: EMEA Macro Credit Trading

发布日期: 2026-07-29研究机构: JPMorgan报告页数: 4原文语言: English证据页码: 1

研报英文原文证据摘录

Sales & Trading

EMEA Macro Credit Trading J P M O R G A N

29 July 2026

JPMorgan iTraxx Index Vol Commentary

EOD Commentary

Front month vol was up 1~2% today with market turning weak into the uncertain fomc tonight. Flows were better bid overall with

both HFs and bank desks lifting gamma for the upcoming Fed as well as US-Iran escalation. Only a few short vol accounts

stepped in selling Sep ATM vol. Credit vol moved less than equity vol on the day which didn’t help to attract sellers in our space.

Table 1: Main and XO 3M Vol Summary

(Data Source: J.P. Morgan)

Table 2: Fixed-strike Vol Change of Day

Table 3: X-Asset 3M IV - #Contracts 100mm Main Options Could Buy

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