LONDON, Nov 5 (Reuters) - Euro zone government bond

yields dipped on Wednesday, tracking U.S. Treasuries, which

rallied as equities markets tumbled on concerns over high

valuations, particularly in the tech sector.

The European Central Bank's quarterly wage tracker is due

later in the session. That lands after the central bank left

rates unchanged last week at a regular review, reiterating

monetary policy was "in a good place."

The last report in September indicated a continued slowing

in wage growth, which was forecast to come in at 1.7% in the

first half of next year, below the ECB's 2% inflation target.

German 10-year Bund yields, which fell 1 basis

point on Tuesday, were little changed at 2.646%. Two-year yields

, which are the most sensitive to shifts in inflation

expectations and the outlook for monetary policy, were also

steady at 1.998%.

"Today, the updated ECB wage tracker should make headlines,

which aims at projecting future wage growth based on collective

wage agreements. It currently projects wage pressure to slow

markedly over coming months. The tracker, excluding special

payments, currently projects negotiated wages to decline to

below 2.5%," Commerzbank strategist Hauke Siemssen said in a

note.

In terms of bond supply, the German government sells 2

billion euros ($2.33 billion) in 15-year debt later in the day,

while investors will also be looking at the U.S. Treasury

Department's quarterly refunding plans for any detail on how the

government plans to finance its deficits.

The U.S. government shutdown, now in its 36th day, has

starved the data calendar, which also leaves European investors

with far less certainty on the outlook for the broader market.

The premium at which U.S. 10-year Treasury yields trade

relative to those on German Bunds was around 142.8

bps on Wednesday, its narrowest for around a week.

($1 = 0.8575 euros)