CANADA DATA: Canada Flash Annualized Q3 GDP +0.4%, Flash Sep +0.1%

• +5,000 TUZ5 104-09.5, buy through 104-08.25 post time offer at 0818:45ET, DV01 $198,200.
• The 2Y contract trades 104-09.5 last (+3.25)

BNP (19th Dec) 78p, sold at 3.56 in 3.25k.

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• At 00:01 ET 05:01 BST, the US government shut down for the first time since the winter of 2018-19. The shutdown was triggered after the Senate rejected a House-passed Continuing Resolution to extend government funding through November. We have a full rundown of the consquences of a shutdown and potential offramps inside.
• President Donald Trump will sign Executive Orders at 16:30 ET 21:30 BST. He has no other public engagements in his diary but is likely to provide remarks to the press as the administration seeks to manage the fallout from the government shutdown.
• Trump previewed a further normalisation of military presence in primarily Democrat-run US cities during a 70-plus-minute speech to an unusual gathering of senior US military officials.
• Trump's 100% tariffs on pharmaceuticals take effect today. Pfizer secured a reprieve by striking a deal with the Trump administration.
• Seoul agreed to boost FX intervention data sharing with the US.
• Trump told reporters he will give Hamas "about three or four days" to respond to a US peace plan for Gaza.
• Finnish President Alexander Stubb said it’s only a matter of time before the US takes punitive action against Russian President Vladimir Putin.
• Poll of the Day: Republicans would get more of the blame from a government shutdown than Democrats, but a significant percentage would blame both parties equally.

Full Article: US DAILY BRIEF