Aside from economic data delays due to......>

US DATA: Aside from economic data delays due to the shutdown, the US Treasury

department's 2-, 5- and 7Y note auctions may be delayed or pushed back. Of the

Treasury department's 88,000, 48,500 are expected to be furloughed (just over

55%). Deutsche Bank economists said the delay of data "is arguably the most

tangible impact of a partial closure of the federal government" and assuming the

shutdown is "short-term in nature would have little impact on the economy or the

Fed's outlook for rate hikes." On the week's data, if "cooler heads in Congress

prevail, DB said, the "main focus will be Friday's advance GDP report for Q4

2017 (+3.3% forecast vs. +3.2% previous), which will provide a benchmark for

forecasters' current-quarter and 2018 growth projections." If DB's "Q4 estimate

is close to the mark, it would be the third consecutive quarter of 3%-plus

inflation-adjusted output growth and the economy will have ended the year having

expanded 2.7% (Q4/Q4), the best performance since 2014 (2.7%)."