LBBW's Karl Haeling said that "as....>

US TSYS/STOCKS: LBBW's Karl Haeling said that "as the market heads into

Thursday's ECB policy meeting" concluding 7:45 am ET and "subsequent Draghi

press conference" at 8:30 am ET, "it does seem as if investor uncertainty has

driven markets in recent days as much as anything else. There are certainly

bearish expectations surrounding ECB QE tapering, a potentially hawkish Fed

Chair next year and a variety of other issues. Thursday also marks the heaviest

single day of U.S. corporate earnings releases this quarter."

- "But general uncertainty itself surrounding central bank monetary policy

actions, and to a lesser extent inflation and global growth, is keeping Treasury

buyers out of the market, allowing bearish forces to intensify," he said. "The

markets will clearly react to whatever the ECB decides and whoever gets

appointed to be Fed Chair. But unless there are some really bearish surprises,

the simple passage of these events should help give investors more clarity, thus

reducing uncertainty and help create more stable bond market conditions."