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(CEP News) - The Canadian dollar opened the Friday session above parity against the U.S. dollar and held for most of the day, dipping below parity only briefly in the afternoon. The loonie remained remained above parity following soft University of Michigan consumer sentiment data. Equities were mixed at the close with yields on U.S. 10-year Treasury Notes up 3.6 bps to 3.85% and Canadian 10-year CGBs up 1.6 bps to 3.58%.
The Dow Jones industrial average closed down six points to 12987, the S&P 500 closed up two points to 1425, the NASDAQ closed down five points to 2529 and the S&P TSX Composite Index closed up 160 points to 14988. The Canadian dollar is unchanged at 1.0002 USD and the euro is up 0.0145 to 1.55933 USD. Yields on two-year Canadian government bonds are up 2.9 bps to 2.81%, with five-year yields up 1.8 bps to 3.16%, 10-year yields up 1.6 bps to 3.58% and 30-year yields up 0.5 bps to 4.04%. U.S. two-year yields are up 2.6 bps to 2.45%, with five-year yields up 3.1 bps to 3.11%, 10-year yields up 3.6 bps to 3.85% and 30-year yields up 3.4 bps to 4.58%. The Eurodollar September 08 contract is up 2.5 ticks to 97.27. The yield curve is steeper, with the 10/2-year spread up 1.8 bps to 140.57 bps. The Canadian 10-year note is yielding 27.43 bps less than the U.S. 10-year note. In Germany, returns on two-year German bonds are down 1.0 bps to 3.97%, with five-year yields down 1.9 bps to 4.00%, 10-year yields down 3.3 bps to 4.17% and 30-year yields down 4.0 bps to 4.66%. Yields on UK two-year bonds are down 2.0 bps to 4.75%, with five-year yields down 3.6 bps to 4.59%, 10-year yields down 7.0 bps to 4.77% and 30-year yields down 8.8 bps to 4.48%. European stock markets closed in positive territory with the Eurostoxx up nine points to 3280, the UK FTSE 100 up 53 points to 6304 and the German DAX up 76 points to 7157. The Canadian dollar is down 0.7060 to 104.0700 against the yen. The U.S. dollar is down 0.6850 to 104.0650 against the yen and the Dollar Index is down 0.566 to 72.804. The euro is up 0.0146 to 1.5591 against the Canadian dollar, up 0.0042 to 0.7974 against the pound sterling and is higher by 0.48 to 162.28 against the yen. The pound sterling is up 0.0082 to 1.9555 against the U.S. dollar and up 0.0089 to 1.9555 against the Canadian dollar. WTI crude oil is up $2.60 to $126.72. The front month gold contract at the Chicago Board of Trade is up $23.40 to $903.30 per ounce. All data taken at 4:06 p.m. EDT. Generated by CEP Newswires, edited by Nancy Girgis,
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