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Financials: Dec. Bonds are currently 20 higher at 119'10. This morning's report on Personal Spending showed a decline of 0.5%, right in line with expectations, and the largest drop in nine months. Third quarter Employment Cost Index was up 0.4% versus expectations of up 0.5%. If you continue to hold the combination of short Dec. Bonds and short the Dec. Bond 116'00, cover the short 116'00 put at 15 points (currently trading at 27 points).
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