US DATA: Dec Tsy budget -$80b vs -$91.4b in Dec-09. FYTD-11 budget is
-$370.8b vs -$388.1b in comparable period last year. US Tsy’s MBS
purchase acct -$5.9b in Dec. Tax receipts are trending higher and
emergency outlays lower, and timing of FDIC insurance premiums and
calendar effects altered the budget. FDIC outlays -$46b in Dec-09 but
+$4b in Dec-10 due to the timing of prepaid premia.