Building binutils-20030901-1 in Cygwin fails in ylwrap

I am trying to build binutils in Cygwin on my PC. I get the following
error when building. Somehow the ylwrap is failing. I am building for
the ARM9.

Thanks

gcc -W -Wall -Wstrict-prototypes -Wmissing-prototypes -g -O2 -o
objdump.exe objd
ump.o budemang.o prdbg.o rddbg.o debug.o stabs.o ieee.o rdcoff.o
bucomm.o versio
n.o filemode.o  ../opcodes/.libs/libopcodes.a
/usr/local/binutils/bfd/.libs/libb
fd.a ../bfd/.libs/libbfd.a ../libiberty/libiberty.a
./../intl/libintl.a
/bin/sh ../../binutils-20030901-1/binutils/../ylwrap ""
../../binutils-20030901-
1/binutils/arparse.y y.tab.c arparse.c y.tab.h arparse.h --  -d
-d: not found
make[3]: *** [arparse.c] Error 1
make[3]: Leaving directory `/usr/local/binutils/binutils'
make[2]: *** [all-recursive] Error 1
make[2]: Leaving directory `/usr/local/binutils/binutils'
make[1]: *** [all-recursive-am] Error 2
make[1]: Leaving directory `/usr/local/binutils/binutils'
make: *** [all-binutils] Error 2