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*** Morgan Stanley expect......>

MONTH-END EXTENSIONS
MONTH-END EXTENSIONS: *** Morgan Stanley expect the 1y+ gilt index to contract
by 0.02y, compared to an average October extension of 0.03y and an average
monthly extension of 0.08y.
- Expect a contraction of 0.01y in the UKTi 1y+ index, compared to an average
October extension of 0.056y and an average monthly extension of 0.1y. The 5y+
index will contract by 0.015y, compared to an average October extension of
0.046y and an average monthly extension of 0.1y.

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