From Pete Caldera:

The Yankees require another professional right-handed hitter off the bench and Mike Sweeney and Jeff Conine should be considered trade possibilities.

From Troy E. Renck:

Yankees general manager Brian Cashman told reporters this week that although trades are always possible, nothing is warm right now. Still, multiple scouts said Wednesday the Yankees are interested in Rockies first baseman Todd Helton and closer Brian Fuentes, though nothing is brewing.

Update: Peter Abraham says there is no interest in Helton, which makes sense, of course.

He also mentions that if Brett Myers of the Phillies has a serious injury, they could be a destination for Kyle Farnsworth.

Via PSD.