US DATA: Tsy’s Oct’10 budget, the first month in FY-11, came in
-$145.95b, vs -$176.4b in Oct’09. Tsy said there was a calendar shift in
Oct’09 that shifted $27B outlays from Nov into Oct’09. October is
traditionally a deficit month and the Oct’10 result appears little
changed from trend. The Tsy reported -$5.569b in MBS holdings.