- US TSY yields continue to inch....>

US TSYS SUMMARY: - US TSY yields continue to inch higher, led by the longer end.

The 2-year benchmark yield trades at 2.820% up from 2.794% while the 10-year has

edged up to 3.087% from a low of 3.054%.

- The curve is slightly steeper with the 2s10s spread widening to 26.4bps from a

low of 25.1bps. There has been more movement in the 2s30s which has traded up

2bps.

- The Dec TSY future trades at 119-03 down from 119-10.

- Inflation breakevens have been relatively stable with the 5-year trading at

1.881% and the 10-year at 2.029%.

- The dollar is only slightly softer this morning with the DXY trading down to

96.3 from a high of 96.5.

- The Euro$ futures strip is broadly 0.5-1.0 ticks lower.

- The data calendar is light today with just the NAHGB Housing Market Index for

November coming up.