TREASURIES-Yields rise as investors await Fed meeting

* Yields rise after month-end boosts demand

* Investors wait on Fed meeting for rate hike clues

* Chinese PMI data boosts global growth momentum

By Karen Brettell

NEW YORK, Nov 1 (Reuters) - U.S. Treasury yields rose on

Tuesday, giving back gains from Monday when month-end

rebalancing boosted demand for the bonds, as investors waited on

the completion of the Federal Reserve's meeting on Wednesday.

Treasuries ended October on a firm note even as benchmark

10-year notes posted their worst monthly performance since

February 2015.

"We had month-end yesterday, and prices got a little bit too

high," said Charles Comiskey, head of Treasuries trading at Bank

of Nova Scotia in New York.

Investors are now waiting on Wednesday's Fed statement for

any new indications that an interest rate hike is likely at the

U.S. central bank's December meeting.

"I think they will lead us to the idea that they are going

to move in December," Comiskey said.

Traders are pricing in a 78 percent likelihood that the Fed

will raise rates in December, and only a 7 percent chance that

the central bank will raise rates this week, according to the

CME Group (Kuala Lumpur: 7018.KL - news) 's FedWatch Tool.

Ten-year notes were last down 9/32 in price to

yield 1.87 percent, up from 1.83 percent on Monday.

The yields have jumped from 1.54 percent at the end of

September as the global growth outlook brightens. Improving

inflation data in Europe and Asia has increased speculation that

central banks globally will become less accommodating, sending

global fixed income yields higher.

That view was further reinforced on Tuesday as data showed

that activity in China's manufacturing sector expanded at

the fastest pace in more than two years in October thanks to a

construction boom.

The Bank of Japan held off on expanding stimulus on Tuesday

despite once again pushing back the timing for hitting its

inflation target, signaling that it will keep policy unchanged

unless a severe shock threatens to derail a fragile economic

recovery.

(Editing by Will Dunham)