Week of November 27, 2011 thru December 3, 2011

Repeat:US BLS: Unemp/8.6% Partly Unexpected Labor Frce Shift


--Retransmitting Story Headlined 8:30 ET Friday
--November Payrolls +120,000; Prior Two Months Revised +72,000

WASHINGTON (MNI) - Unexpected shifts in the labor force and more hiring -- and perhaps fewer layoffs -- gave the November unemployment report a makeover -- an 8.6% unemployment rate -- while payrolls and revisions sustained the improvement in the jobs numbers evident since June.

TheFXSpot: US Jobs Data Thrills, Fades; Eye On ECB, EU Summit


NEW YORK, Dec 2 (MNI) - The thrill of new good news, in the form of a solid November U.S. non-farm payroll report, did not last long, and risk appetite waned as Friday wore on.

Fed's Rosengren: Grow GDP to Grow Jobs


BOSTON (MNI) - Below are PowerPoint observations and responses of Boston Federal Reserve Bank President Eric Rosengren at a Massachusetts Investors Conference session Friday:

"The unemployment rate dropped to 8.6 percent. That's a fairly big decline from 9 percent. That is good news ... but I would highlight that a lot of (the drop) is because people pulled out of the workforce. If you look at the employment-to-population ratio, which is something that I like to focus on, there was only a 0.1 percent improvement in the employment-to-population ratio. ... So you want to get (a lower jobless rate) because people give up looking for work? You want to get it because people are getting jobs and coming back into the labor force.

US Debt Offering, Auction Calendar for Tsy and Agency Issues


December 2

Source: U.S. Treasury, Fannie Mae, Freddie Mac Amounts in billions of U.S.

US News Events Calendar


--Meetings & Events of Interest to Subscribers

DATE GMT / EST EVENT

------------------------------------------------------------------------

05-Dec 1710/1210 Chicago Fed President Charles Evans speech on the outlook and Fed's dual mandate at Ball State University Center for Business and Economic Research Annual Outlook Luncheon, Muncie, Indiana.

06-Dec - Treasury Secretary Tim Geithner meets with ECB President Mario Draghi, Bundesbank President Jens Weidmann and German Finance Minister Wolfgang Schauble in Frankfurt as part of three-day tour.

06-Dec 1500/1000 Federal Reserve Gov.

UK: Highlights of Market News Economic Forecasts Surveys


London, Dec 2 (MNI) - The following are highlights of forecasts for upcoming U.K. economic indicators, along with upcoming events.

All times in GMT/ET format.

US$ CREDIT SUPPLY PIPELINE - December 2, 2011


US$ Corporates, Agencies, Supras, Sovereigns, Munis Investment-grade $250M+

Coming Soon FHLB to announce Global Note Wed, 12/7 Freddie Mac to announce Reference Note Wed, 12/14 >>Scroll Down for More More Treasury, Muni & Agency Supply/Calendars

Deals Announced/Launched(#)/Priced(*)/Pass(X)

Spd/ Date $MM Issuer/CR/Descr Mat % Yld Lead(s) 12/1 500 *BP Capital Markets (A2/A) FRN 1.5 3mL+45 CACIB/GS/MS 12/1 450 *BP Capital Markets (A2/A) 2 3mL+62.5 CACIB/GS/MS FRN 12/1 650 *BP Capital Markets (A2/A) 3 T+130 CACIB/GS/MS 12/1 250 *Memorial Sloan-Kettering 30 5% GS (Aa2/AA-) 12/1 500 *Empresa Nacional del Petroleo 10 T+285 BBVA/HSBC/JPM/

US$ CREDIT SUPPLY PIPELINE - December 2, 2011


US$ Corporates, Agencies, Supras, Sovereigns, Munis Investment-grade $250M+

Coming Soon FHLB to announce Global Wed, 12/7 Freddie Mac to announce Reference Wed, 12/14 >>Scroll Down for More More Treasury, Muni & Agency Supply/Calendars

Deals Announced/Launched(#)/Priced(*)/Pass(X)

Spd/ Date $MM Issuer/CR/Descr Mat % Yld Lead(s) 12/1 500 *BP Capital Markets (A2/A) FRN 1.5 3mL+45 CACIB/GS/MS 12/1 450 *BP Capital Markets (A2/A) 2 3mL+62.5 CACIB/GS/MS FRN 12/1 650 *BP Capital Markets (A2/A) 3 T+130 CACIB/GS/MS 12/1 250 *Memorial Sloan-Kettering 30 5% GS (Aa2/AA-) 12/1 500 *Empresa Nacional del Petroleo 10 T+285 BBVA/HSBC/JPM/

US$ CREDIT SUPPLY PIPELINE - December 2, 2011


US$ Corporates, Agencies, Supras, Sovereigns, Munis Investment-grade $250M+ Deals Announced/Launched(#)/Priced(*)/Pass(X)

Coming Soon FHLB to announce Global Wed, 12/7 Freddie Mac to announce Reference Wed, 12/14 >>Scroll Down for More More Treasury, Muni & Agency Supply/Calendars

Spd/ Date $MM Issuer/CR/Descr Mat % Yld Lead(s) 12/1 500 *BP Capital Markets (A2/A) FRN 1.5 3mL+45 CACIB/GS/MS 12/1 450 *BP Capital Markets (A2/A) 2 3mL+62.5 CACIB/GS/MS FRN 12/1 650 *BP Capital Markets (A2/A) 3 T+130 CACIB/GS/MS 12/1 250 *Memorial Sloan-Kettering 30 5% GS (Aa2/AA-) 12/1 500 *Empresa Nacional del Petroleo 10 T+285 BBVA/HSBC/JPM/

Fitch,Moody's Analytics Don't Read Same Signs In US Jobs Rprt


WASHINGTON (MNI) - The somewhat stronger-than-expected November jobs report published Friday was read more positively by Moody's than Fitch Ratings.