Small gains

The US mmajor stock indices are up modestly in early trading. The S&P 500 index is up two points or 0.09%. The NASDAQ composite index is up 4.3 points or 0.08% and the Dow industrial average is up 21 points or 0.11%.

US 10 year notes are trading at 2.545%, -4.6 basis points. The two-year notice trading at 1.224% -2.8 basis points and the 30 year bond is trading at 3.131%, -4.2 basis points.

Spot gold is trading at $1140, up $5.21 or 0.46%

Crude oil futures are trading at $51.68 $-.21 or -0.40%..

The Markit US services PMI for December will be released that 9:45 AM/1445 GMT with expectations of 55.2 versus 54.6. We composite index was last reported at 54.9 in November.