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/CORPORATES/TIPS: Treasuries continue to....>

US TSYS
US TSYS: /CORPORATES/TIPS: Treasuries continue to cut long end losses mildly,
10-year note yield is at 2.425%, vs session high yield of 2.442% hit at 7:04am
ET and overnight low yield hit of 2.416% hit at 2.42 am ET. It's possible this
might reflect rate-locks being done as high-grade corporate bond issuance
revives quickly after holiday lull around Christmas and New Year's holidays.
- High-grade corporate issuance heats up: BNP as noted earlier; now comes news
Berkshire Hathaway Energy to do a four-part issuance of 3Y, 5Y, 10Y and 30Y
bonds; also Santander UK $500M 3Y sr bank note and a $1.0B 6Y/NC5Y senior
holding company issue. 
- Meanwhile the TIPS market and the nominal Treasuries are exactly comparable,
neither market outperforms on the day as of right now.

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