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BONDS

Broader selling interest

EGB OPTIONS

Bobl call spread strip

US TSY OPTIONS

Large downside play

BUNDS

Portugal/Bund near 50bps

US: Recap of Economic Indicators

Repeats Story Initially Transmitted at 21:06 GMT Jul 16/17:06 EST Jul 16
                             Jul-18   Jun-18   May-18   Apr-18   Mar-18   Feb-18
--------------------------------------------------------------------------------
UI Claims/4wk avg
wk 1                        214/223  222/226  211/216  233/230  230/225  223/228
wk 2                                 221/225  223/214  233/232  226/223  234/230
wk 3                                 218/221  234/220  209/229  227/225  218/227
wk 4                                 228/222  223/223  211/222  218/225  217/223
wk 5                                 232/225                    242/228
Nonfarm Payrolls                       +213k    +244k    +175k    +155k    +324k
Private Payrolls                       +202k    +239k    +174k    +153k    +321k
Mfg Payroll                             +36k     +19k     +28k     +21k     +31k
Unemployment                            4.0%     3.8%     3.9%     4.1%     4.1%
Avg Wkly Hours                          34.5     34.5     34.5     34.5     34.5
Avg Hours - Mfg                         40.9     40.8     41.0     40.9     41.0
Aggr Hours Index                       +0.2%    +0.2%    +0.1%    +0.2%    +0.6%
Aggr Hrs Index - Mfg                   +0.4%    -0.3%    +0.5%    -0.1%    +1.0%
Avg Hourly Earnings                    +0.2%    +0.3%    +0.2%    +0.2%    +0.1%
Final Demand PPI                       +0.3%    +0.5%    +0.1%    +0.3%    +0.2%
excl food & energy                     +0.3%    +0.3%    +0.2%    +0.3%    +0.2%
excl food, energy, trade               +0.3%    +0.1%    +0.1%    +0.4%    +0.4%
CPI                                    +0.1%    +0.2%    +0.2%    -0.1%    +0.2%
excl food & energy                     +0.2%    +0.2%    +0.1%    +0.2%    +0.2%
Import Prices                          -0.4%    +0.6%    +0.6%    -0.2%    +0.2%
non-petro import prices                -0.3%    +0.1%    +0.1%     Flat    +0.4%
ISM Mfg Prices Pd Index                 76.8     79.5     79.3     78.1     74.2
PCE Price Index M/M                             +0.2%    +0.2%     Flat    +0.1%
PCE Price Index Y/Y                             +2.3%    +2.0%    +2.0%    +1.7%
Core PCE Price Index M/M                        +0.2%    +0.2%    +0.2%    +0.2%
Core PCE Price Index Y/Y                        +2.0%    +1.8%    +1.8%    +1.5%
Treasury Budget (bn)                   -74.9  -$146.8  +$214.3  -$208.7  -$215.2
Consumer Credit (bn)                           +$24.5   +$10.2    +$8.7   +$11.9
CB Consumer Confidence                 126.4    128.8    125.6    127.0    130.0
Consumer Sentiment                      99.3     98.0     98.8    101.4     99.7
Car Sales (Ex GM), saar
(mn)                                     3.1      3.0      3.1      3.2      3.3
Truck Sales (Ex GM), Saar
(mn)                                     7.2      6.9      6.9      7.0      6.7
Total (Ex GM), saar (mn)                10.3      9.9     10.0     10.2     10.0
Retail Sales                           +0.5%    +0.8%    +0.4%    +0.7%    +0.1%
excl motor vehicles                    +0.4%    +0.9%    +0.4%    +0.4%    +0.4%
Personal Income                                 +0.4%    +0.2%    +0.3%    +0.4%
Personal Spending                               +0.2%    +0.5%    +0.6%    -0.1%
ISM Mfg Index                           60.2     58.7     57.3     59.3     60.8
ISM Nonmfg NMI                          59.1     58.6     56.8     58.8     59.5
MNI Chicago Report                      64.1     62.7     57.6     57.4     61.9
Phila Fed Mfg Index                     19.9     34.4     23.2     22.3     25.8
Phila Fed Nonmfg Index                  39.1     45.3     27.6     30.1     31.0
Empire State Index             22.6     25.0     20.1     15.8     22.5     13.1
KC Fed Mfg Index                          28       29       26       17       17
Richmond Fed Mfg Index                    20       16       -3       15       28
Dallas Fed Mfg Index                    36.5     26.8     21.8     22.8     38.4
Markit Mfg Index                        54.6     56.4     56.5     55.6     55.3
Markit Services Index                   56.5     56.8     54.6     54.0     55.9
Ind Production                                  -0.1%    +0.9%    +0.5%    +0.4%
Capacity Util                                   77.9%    78.1%    77.5%    77.2%
Factory Orders                                  +0.4%    -0.4%    +1.7%    +2.0%
Factory Orders ex
transport                                       +0.7%    +0.9%    +0.5%    +0.3%
Durables                                        -0.4%    -1.0%    +2.7%    +4.5%
Durables ex transport                            Flat    +1.9%    +0.5%    +1.3%
Nondurables                                     +1.1%    +0.3%    +0.6%    -0.3%
Mfg Shipments                                   +0.6%    +0.1%    +0.7%    +0.3%
Business Inventories                            +0.4%    +0.3%    -0.1%    +0.6%
Factory                                         +0.2%    +0.4%    +0.2%    +0.3%
Retail                                          +0.4%    +0.4%    -0.7%      +.6
Wholesale                                       +0.6%    +0.1%    +0.2%    +0.8%
Housing Starts (mn)                             1.350    1.286    1.327     1.29
Building Permits (mn)                           1.301    1.364    1.377    1.323
NAHB Index                                68       70       68       70       71
New Home Sales (k)                                689      646      671      659
Existing Homes (mn)                              5.43     5.45     5.60     5.54
Pending Home Sales Index                        105.9    106.4    107.6    107.2
Construct Spending                              +0.4%    +0.9%    -0.9%    +2.3%
Private Residential                             +0.8%    +0.5%    -2.4%    +3.4%
Trade Balance (bn)                             -$43.1   -$46.1   -$47.2   -$55.5
Exports (bn)                                  +$215.3  +$211.2  +$210.7  +$206.1
Imports (bn)                                  +$258.3  +$257.3  +$257.9  +$261.6
Goods Only, BOP (bn)                           -$65.7   -$68.3   -$69.3   -$76.7
Leading Index                                   +0.2%    +0.4%    +0.4%    +0.7%
                                                         Q1-18    Q4-17    Q3-17
GDP (chain-wt)                                           +2.0%    +2.9%    +3.2%
Final Sales                                              +2.0%    +3.4%    +2.4%
Chain prices                                             +2.2%    +2.3%    +2.1%
Current-dollar                                           +4.2%    +5.3%    +5.3%
                                                         Q1-18    Q4-17    Q3-17
Nonfarm Productivity                                     +0.4%    +0.3%    +2.6%
Nonfarm Unit Labor Costs                                 +2.9%    +2.1%    +1.0%
                                                         Q1-18    Q4-17    Q3-17
ECI (q/q)                                                +0.8%    +0.6%    +0.7%
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE]