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*** Reminder -- No LIBOR settles....>

US DOLLAR LIBOR
US DOLLAR LIBOR: *** Reminder -- No LIBOR settles today due to London bank
holiday.
- Expect market activity to be muted in the week ahead, late summer malaise
hanging on with the passing of the dog days of summer around mid-August. Mostly
second-tier data in the week ahead and a dearth of Fed-speakers so far on the
heels of the prior week's annual economic symposium in Jackson Hole.
- Monday should be very quiet with no lead-in from London, markets closed for
national bank holiday (U.S. markets closed next Monday for Labor Day holiday),
data limited to Dallas Fed manufacturing index at 1030ET followed by Treasury
auctions of $51B 13-week and $45B 26-week bills at 1130ET and the $36B 2-year
note auction at 1300ET.
- Data picks up Tuesday with inventory and trade gap numbers, Redbook retail
sales, Case-Shiller Home Price Index and the release of August Consumer
Confidence, 126.5 est vs. 127.4 prior).

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