1.   Banks also fell on waning expectations of mergers in the industry improving profitability.

2.   A rise in rates indicates waning expectations for cuts in interest rates.

3.   A rise in the rate indicates waning expectations for cuts in interest rates.

4.   SPANISH bonds were little changed, amid waning expectations the Bank of Spain will cut official interest rates this year.

5.   The dollar rose against the deutsche mark amid waning expectations of higher German interest rates.

6.   The mark surged against the yen on waning expectations for lower German rates.

7.   The spread typically narrows with waning expectations for Fed rate increases and signs of slow inflation.

8.   The waning expectation for a Fed rate increase is reflected in Eurodollar deposits, or rates on overseas dollar deposits.

9.   Treasury yields also moved higher amid waning expectations the Federal Reserve will cut interest rates anytime soon, traders said.

10.   Waning expectations that the Bundesbank will cut its discount rate when its policy council meets Thursday also weighed on the dollar.