US TSYS: US$ CONTINUES TO CLIMB NEAR YTD HIGHS

US TSY SUMMARY: Tsy trading moderately higher into the bell, in the middle of

the range with strong volume (TYZ 1.51M), curves mixed. Data today led by PPI

which came in stronger than expected at 0.6% vs 0.3% exp. U of Michigan

Sentiment followed coming in stronger than expected at 98.3 vs 98.0 exp.

-Headline out this morning, "*PBOC SAYS ECONOMY IS UNDER INCREASING DOWNWARD

PRESSURE"-bbg

-Pompeo spoke today on China saying, "*POMPEO SAYS HE WAS `FORTHRIGHT' ON

DIFFERENCES WITH CHINA"-bbg and "*POMPEO: U.S. NOT PURSUING COLD WAR,

CONTAINMENT POLICY ON CHINA"-bbg

-US$ near 1-year highs DXY +.181, 96.905 (96.623L/97.011H), -$/Eur lower -0.0028

at 1.1335, $/Yen down -.29 113.78; equities lower (emini -30.00, 27788.75 vs.

2811.25H); Gold fell (XAU -14.48, 1209.47); Oil down (WTI -0.39, 60.28).

-Tsy cash/ylds: 2Y 99-28.5 (2.930%), 5Y 99-7.25 (3.042%), 10Y 99-14.5 (3.187%),

30Y 99-21.5 (3.392%).

US TSY FUTURES CLOSE: Trading moderately higher near the top of the range;

strong volume (TYZ 1.52M); curves mixed; update:

* 2s10s -1.542, 25.283 (24.546L/26.913H);

* 2s30s -0.856, 45.605 (44.038L/47.237H);

* 5s30s +0.735, 34.774 (32.715L/35.631H);

Current futures levels:

* Dec Ultra bonds up 27/32 at 149-15 (148-13L/149-25H)

* Dec 30-yr Bond futures up 21/32 at 137-27 (137-00L/138-03H)

* Dec 10-yr futures up 10.5/32 at 118-3.5 (117-23.5L/118-6.5H)

* Dec 5-yr futures up 6.75/32 at 112-3.75 (111-28.75L/112-5.25H)

* Dec 2-yr futures up 02/32 at 105-07 (105-05L/105-7.75H)

US EURODOLLAR FUTURES CLOSE: Trading mildly higher with a parallel shift across

reds through golds; moderate volume. Current White pack (Dec'18-Sep'19):

* Dec'18 +0.010 at 97.235

* Jun'19 +0.015 at 97.085

* Jun'19 +0.020 at 96.925

* Sep'18 +0.030 at 96.825

* Red pack (Dec'19-Sep'20) +0.040

* Green pack (Dec'20-Sep'21) +0.045-0.040

* Blue pack (Dec'21-Sep'21) +0.045

* Gold pack (Dec'22-Sep'22) +0.045-0.040

US DOLLAR LIBOR: Latest settles,

* O/N -0.0049 to 2.1750% (+0.0004/wk)

* 1 Month -0.0040 to 2.3144% (-0.0034/wk)

* 3 Month +0.0035 to 2.6181% (+0.0258/wk)

* 6 Month +0.0004 to 2.8580% (+0.0292/wk)

* 1 Year +0.0033 to 3.1440% (+0.0393/wk)

US TSYS: *** /REPO REFERENCE RATES: (rate, volume)

* Secured Overnight Financing Rate (SOFR): 2.21% vs. 2.18% prior, $819B

* Broad General Collateral Rate (BGCR): 2.20% vs. 2.16% prior, $439B

* Tri-Party General Collateral Rate (TGCR): 2.20% vs. 2.16% prior, $413B

US SWAPS: Latest spd levels:

* 2Y +1.14/19.26

* 5Y +0.88/13.08

* 10Y +0.43/5.85

* 30Y +0.00/-9.63

*** Data/speaker calendar (prior, estimate):

13-Nov 0600 **  Oct    NFIB Small Business Index              107.9    --

13-Nov 0855 **  10-Nov Redbook retail sales m/m                 0.1    --   %

13-Nov 1100 **  Nov    NY Fed expectations survey                --    --

13-Nov 1400 **  Oct    Treasury budget balance                119.1   -124.0 b

USD

Eurodollar/Treasury Option Summary

Eurodollar options, Pit/screen:

* +30,000 Short Dec 66/68 calls over risk reversal at 1 vs 9674.5/0.50%

* 16,000 Dec 71 puts at 0.5 BLOCK

* +6,000 Short Jun 62/63 put sprd at 2.5 BLOCK

* 10,000 Dec 71/72 put sprd at 3.5 vs 9723.5/0.50%

* 5,000 Red Mar 60/62/65 put tree at 5

* 4,000 Short Dec 67 Straddle at 13 vs 9672.5/0.10%

* 9,000 Short Dec 70 calls at 1.5 vs 9675/0.10%

* 5,000 Green Dec 63/65/66 put tree at 2 vs 9671.5/0.10%

* 5,000 Green Dec 66/70 Strangle at 5 vs 9673.5/0.14%

     US TSY OPTIONS

US TSY OPTIONS: Latest trade,

* 5,000 TYF 119/120 call sprd at 6 vs 28.5/0.11%

* 3,000 TYZ 116.5/117/117.50 put fly at 4

* 11,000 FVZ 112.75 calls at 2 vs 03.5/0.10%

* -4,000 TYZ 117.25/117.5/118.5 2x3x1 put fly at 23

--MNI Chicago Bureau; +1 630-698-0154; email: ryan.martin@marketnews.com

[TOPICS: M$U$$$,M$$FI$,MN$FI$,MN$FX$]