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MNI BRIEF: Mester Says Fed Likely Has Some More Work To Do

MNI: US Treasury Market Needs Restructuring-Jackson Hole Paper

MNI: Canada June YOY Budget Surplus Narrows As Spending Up 10%

EZ/UK Bond Supply Calendar: EU to sell 3/18-year bonds Monday

EZ/UK T-Bill Calendar: Germany / France to issue on Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL AUG INDEX 69.5

MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

MNI BRIEF: BOC Staff Paper Sees Few Signs Of 'Greedflation'

MNI BRIEF: Canada Raises Bank Capital Buffer On Housing Risk

MUFG Secs Americas strategist John....>

US DATA REACT
US DATA REACT: MUFG Secs Americas strategist John Herrmann said on Sept jobs
that "Harvey & Irma had the worst all-time on Payrolls for any Hurricane." He
adds -33K Sept. NFP jobs outcome "nearly matched our "stress-tested" forecast
(of -17.2K mom)."
- But he said "the 'Not at Work Bad Weather' was near the worse ALL-Time for
official data going back to 1976. A total of 4.408 Mln individuals reported
missing EITHER a full-workweek or a partial-workwk;" that included: "Not at work
Bad Weather full workwk of 1,474K versus high of 1,846K (Jan. 1996 Eastern
Seaboard Blizzard, esp. New York City)"; also "Not at work Bad Weather partial
workwk of 2,934K versus all-time high of 10,433K (Jan. 1996 Blizzard)."
- He said MUFG expects "sizeable bounceback" in Oct. nonfarm payrolls (possibly
near +287K mom) and in November and December. As that nonfarm payroll data is
published, along with the LOW U3 unemployment rate and the resilient average
hourly wage growth, our models continue to forecast a 83.7% chance of a Dec.
12-13 short-end interest rate hike of 25 bps from the FOMC vs forward mkts
probability of 69.9%."

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