BMO analysts Ian Lyngen and........>

US TSYS/RESEARCH: BMO analysts Ian Lyngen and Aaron Kohli said in the week

ahead, US "inflation will once again take center stage with the release of the

October CPI series and with headline inflation seen at +0.1% MoM and core-CPI at

+0.2%, to suggest that there is room for a surprise would be to state the

obvious."

- "We'll be the first to acknowledge that the Fed's persistent dismissal of

inflation's conspicuous absence as a puzzle, turned mystery, turned enigma,

reduces the immediate policy relevance of the CPI release," they said. "While

the Fed won't be deterred from hiking in December by another disappointing

inflation read (for that it would take a correction in stocks), the data should

prove far more compelling for the Treasury market and the shape of the yield

curve."