SECURITY: White House In "Close Correspondence" w/Interim VEN Authorities

• Date $MM Issuer (Priced *, Launch #)
• 12/08 $750M Level 3 Financing 10NC5 
• 12/08 $Benchmark Guardian Life 5Y +65
• 12/08 $Benchmark BNP Paribas PerpNC8 6.875%
• 12/08 $Benchmark CNO Global Funding 5Y +98
• 12/08 $Benchmark Equitable America Global Funding 3Y +70
• 12/08 $1.25B Asurion 7NC3 investor calls, pricing later in week
   

• US Data/Speaker Calendar (prior, estimate). All times ET
• 12/09 0600 NFIB Small Business Optimism
• 12/09 0815 ADP NER Pulse weekly employ data
• 12/09 0855 Redbook Retail Sales
• 12/09 1000 JOLTS jobs data for Sep & Oct
• 12/09 1000 KC Fed LMCI
• 12/09 1130 US Tsy $75B 6W bill auction
• 12/09 1300 US Tsy $39B 10Y Note re-open (91282CPJ4)
• Source: Bloomberg Finance L.P. / MNI

Tsy futures are remain weaker - but off lows (TUH6 at 104-07.25 -1.12 vs 104-03.75 low) ahead of the $58B 3Y note auction (91282CPP0) at 1300ET, WI is currently at 3.627%, 4.8bp cheap to last month's stop. Results will be available shortly after the competitive auctions closes at 1300ET.

• November auction recap: Treasury futures pared losses slightly (TUZ5 104-04.88, -1.88) after $58B 3Y note auction (91282CPK1) stopped through: drawing 3.579% high yield vs. 3.589% WI; 2.85x bid-to-cover vs. 2.66x prior.
• Peripheral stats: Indirect take-up 62.96% vs. 62.7% prior; direct bidder take-up at 27.32% from 26.58% prior; primary dealer take-up 9.72% vs. 10.72% prior.