And BMO's Ian Lyngen also said.....>

US TSYS/RESEARCH: And BMO's Ian Lyngen also said "the front-end"  of Tsys market

"sold off rather sharply" Thurs while "2-year yields peaked at 1.384%. As that

was the highest yield mark since late-July, we'll be the first to suggest the

move illustrates that rate-hikes are still very much on the radar."

- He adds that "in light of the market's current re-pricing to reflect a higher

probability of a December move, the shift eases any urgency that the Fed might

have otherwise had to jawbone the market toward higher odds. We nonetheless

remain biased toward further downside in the front-end of the curve, with the

next level of note coming in at 1.395% before July's high yield close of 1.410%.

There is nothing between there and the yield peak of 1.431%." (The current

2-year note is at 1.368% at 4pm ET Thursday.)