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CORN TECHS

(Z1) Gains Considered Corrective

EGB OPTIONS

Bund call spread

STIR

Effective Fed Funds Rate

GILTS

DMO Plans Lower 2021-22 Issuance Than Expected

US TSY FUTURES

New Yield Curve Lows

US Data: Recap of Economic Indicators

Repeats Story Initially Transmitted at 22:06 GMT Nov 14/17:06 EST Nov 14
     
                             Nov-19   Oct-19   Sep-19   Aug-19   Jul-19   Jun-19
--------------------------------------------------------------------------------
UI Claims/4wk avg
wk 1                        211/215  210/214  206/213  211/213  208/219  219/215
wk 2                        229/217  218/216  210/213  221/214  216/219  222/218
wk 3                                 213/215  215/213  211/215  207/213  217/219
wk 4                                 213/215  220/213  216/215  217/212  229/222
wk 5                                 218/215           219/217  211/213  222/223
Nonfarm Payrolls                       +128k    +136k    +168k    +166k    +193k
Private Payrolls                       +180k    +114k    +122k    +148k    +179k
Mfg Payroll                             -36k      -2k      +2k     +16k     +12k
Unemployment                            3.6%     3.5%     3.7%     3.7%     3.7%
Avg Wkly Hours                          34.4     34.4     34.4     34.3     34.4
Avg Hours - Mfg                         40.3     40.5     40.5     40.4     40.7
Aggr Hours Index                        0.0%     0.0%    +0.4%    -0.2%    +0.2%
Aggr Hrs Index - Mfg                   -0.6%     0.0%    +0.5%    -0.6%    +0.3%
Avg Hourly Earnings                    +0.2%    +0.4%    +0.4%    +0.4%    +0.3%
Final Demand PPI                       +0.4%    -0.3%    +0.1%    +0.2%    +0.1%
excl food & energy                     +0.3%    -0.3%    +0.3%    -0.1%    +0.3%
excl food, energy, trade               +0.1%      0.0    +0.4%    -0.1%     Flat
CPI                                    +0.4%    +0.1%    +0.1%    +0.3%    +0.1%
excl food & energy                     +0.2%    +0.2%    +0.3%    +0.3%    +0.3%
Import Prices                                   +0.2%    -0.5%    +0.2%    -0.9%
non-petro import prices                                    0.0     Flat    -0.4%
ISM Mfg Prices Pd Index                 45.5     49.7     46.0     45.1     47.9
PCE Price Index M/M                              0.0%     0.0%    +0.2%    +0.1%
PCE Price Index Y/Y                              1.3%     1.4%    +1.4%    +1.4%
Core PCE Price Index M/M                         0.0%     0.1%    +0.2%    +0.2%
Core PCE Price Index Y/Y                         1.7%     1.8%    +1.6%    +1.6%
Treasury Budget (bn)                 -$134.5   +$82.8  -$200.3  -$119.7    -$8.5
Consumer Credit (bn)                            +$9.5   +$17.8   +$23.3   +$13.8
CB Consumer Confidence                          125.1    135.1    135.8    124.3
Consumer Sentiment                                        89.8     98.4     98.2
Retail Sales                                    -0.3%     +0.4    +0.8%    +0.4%
excl motor vehicles                              -0.1      0.0    +1.0%    +0.3%
Personal Income                                 +0.3%    +0.4%    +0.1%    +0.4%
Personal Spending                               +0.2%    +0.1%    +0.6%    +0.3%
ISM Mfg Index                           48.3     47.8     49.1     51.2     51.7
ISM Nonmfg NMI                          54.7     52.6     56.4     53.7     55.1
MNI Chicago Report                      43.2     47.1     50.4     44.4     49.7
Phila Fed Mfg Index                      8.7     12.0     16.8     21.8      0.3
Phila Fed Nonmfg Index                  12.6      9.5      7.5     21.4      8.2
Empire State Index                       4.0      2.0      4.8      4.3     -8.6
KC Fed Mfg Index                          -3       -2       -6       -1        0
Richmond Fed Mfg Index                             -9        1      -12        2
Dallas Fed Mfg Index                              1.5      2.7     -6.3    -12.1
Markit Mfg Index                        51.3     51.5     50.3     50.4     50.6
Markit Services Index                   50.6     50.9     50.7     53.0     51.5
Ind Production                                  -0.4%    +0.8%    -0.1%    +0.1%
Capacity Util                                   77.5%    77.9%    77.5%    77.8%
Factory Orders                                  -0.6%    -0.1%     +1.4    +0.6%
Factory Orders ex
transport                                       -0.1%     0.0%     +0.3    +0.1%
Durables                                        -1.2%    +0.2%    +2.0%    +1.8%
Durables ex transport                           -0.6%    +0.4%    -0.4%    +0.8%
Nondurables                                                       +0.8%    -0.7%
Mfg Shipments                                                      -0.2     +0.1
Business Inventories                     0.0      0.0     +0.4     +0.4     Flat
Factory                                                            +0.2    +0.1%
Retail                                           -0.1      0.8             -0.3%
Wholesale                                        -0.4     +0.1     +0.2     Flat
Housing Starts (mn)                             1.256    1.386    1.191    1.241
Building Permits (mn)                           1.387    1.425    1.336    1.232
NAHB Index                                         68       66       65       64
New Home Sales (k)                                701      706      635      646
Existing Homes (mn)                              5.38     5.49     5.42     5.29
Pending Home Sales Index                        108.7    107.1    105.6    108.3
Construct Spending                                         0.1      0.1     -0.7
Private Residential                                        0.9      0.6     -0.5
Trade Balance (bn)                             $-52.5   -$54.9   -$54.0   -$55.2
Exports (bn)                                   $206.0   $207.9   $207.4   $206.3
Imports (bn)                                   $258.4   $262.9   $261.5   $261.8
Goods Only, BOP (bn)                           -$71.7   -$74.4   -$73.6   -$75.3
Leading Index                                            +0.0%    +0.5%    -0.1%
                                                         Q3-19             Q2-19
GDP (chain-wt)                                           +1.9%             +2.0%
Final Sales                                              +2.0%             +3.0%
Chain prices                                             +2.4%             +2.4%
Current-dollar                                           +1.7%             +4.6%
                                                         Q3-19             Q2-19
Nonfarm Productivity                                     -0.3%             +2.3%
Nonfarm Unit Labor Costs                                 +3.6%             +2.6%
                                                         Q3-19             Q2-19
ECI (q/q)                                                +0.7%             +0.6%
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE]