There has been little direction in.....>

BOND SUMMARY: There has been little direction in core fixed income this morning

with USTs, Bunds and gilts little changed compared to yesterday's settlement.

- The economic data calendar has been quiet this morning with Italian confidence

data disappointing but French confidence data better than expected. The calendar

will ramp up into the US session with the second release of Q3 GDP, October

durable goods, personal income/spending, pending home sales, claims and the MNI

Chicago PMI. After Europe leave the office the Fed's Beige Book will also be

released.

- There will also be focus on month end with potentially earlier moves ahead of

tomorrow's Thanksgiving holiday.

- TY1 futures are down -0-1 today at 129-21 with 10y UST yields unch at 1.742%

and 2y yields up 0.3bp at 1.587%.

- Bund futures are down -0.01 today at 171.44 with 10y Bund yields down -0.5bp

at -0.378% and Schatz yields up 0.1bp at -0.642%.

- Gilt futures are down -0.08 today at 132.60 with 10y yields down -0.5bp at

0.645% and 2y yields down -0.5bp at 0.483%.