December existing home sales accelerated to a 4

The Manager andSentry Select undertake no obligation to update publicly or otherwiserevise any forward-looking statement or information whether as a resultof new information, future events or other such factors which affect thisinformation, except as required by law. For a complete disclosure recordfor the Fund please visit the Fund's profile on Select Capital Inc.The Exchange Tower130 King Street WestSuite 2850, P.O. Box 104Toronto, Ontario M5X 1A4Telephone: (416) 861-8729Fax: (416) 364-5615Contacts:Sentry Select Capital Inc.Investor Services(broker/investor inquiries)1-888-730-4623(416) 364-1197 (FAX)Email: Website: 2009, Market Wire, All rights reserved.-0-. Bonds hit by unexpected Dec gain in existing home sales Bonds Funds News ETFs News Surging government issuance weighs on longer-dated debt 20-year TIPS auction fetches higher-than-expected yield 30Y yield hits 3.42 percent, highest since early Dec (Updates market action, changes byline) By Richard Leong NEW YORK, Jan 26 (Reuters) - U.S. "This is one that went really poorly," said Jamie Jackson,portfolio manager with RiverSource Investments in Minneapolis,of the latest TIPS auction. The TIPS sale was part of this week's $135 billion worthof new bills and notes to be issued in the government debtsector. SeeID:nTAR000084 ID:nTAR000080 Earlier, Treasury prices fell to session lows after areport showed a surprising pick-up in existing home sales lastmonth, hinting that the housing sector might not be bleak astraders had feared.

The market's weakness was pronounced among long-datedmaturities. The 30-year bond prices fell for a sixth straightsession, pushing their yield briefly to their highest sinceearly December. The long bond US30YTRR ended down 1-6/32 inprice to yield 3.40 percent, up from 3.32 percent late onFriday. The benchmark 10-year Treasury note's price, which movesinversely to its yield, fell 13/32 for a yield of 2.66 percentUS10YTRR, up from 2.62 percent late Friday. Among shorter maturities, the two-year note's price wasdown 1/32 for a yield of 0.84 percent US2YTRR, higher than0.82 percent at Friday's close.

HOUSING SURPRISE Housing remains a key factor in the credit crisis and themost severe recession in many decades. So the existing homesales data jolted government bond prices lower following lastweek's data that showed housing starts in December sank totheir lowest since record-keeping began in 1959. Analysts cautioned, however, that sales may have beeninflated by waves of foreclosed properties. "If we get any glimmer of hope in housing, that would be ahuge change. If we can get clarity on the foreclosure aspectof this number, that could be very bullish (for the economy)and bearish for government bond prices," said Charlie Smith,chief investment officer of Fort Pitt Capital Group inGreentree, Pennsylvania U.S. December existing home sales accelerated to a 4.74-million-unit annual rate, contrary to a predicted slowdownfrom November's revised 4.45 million annualized pace.