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(CEP News) - European equity markets are trading higher with the Eurostoxx up 15.72 points on the day. In Germany, the Bund was down 23.0 ticks to 114.91 with yields up 2.8 bps to 4.02%, while the 10-year gilt was down 30.0 ticks to 108.78 with yields up 4.8 bps to 4.63%. The euro was down 0.24 cents to 1.5458 USD.
The five-year Bobl was down 21.5 ticks to 109.18, the two-year Schatz down 9.0 ticks to 103.91 and the June 2008 Euribor contract trading down 5.5 ticks to 95.37. The spread between the 10-year Bund and 10-year U.S. Treasury notes narrowed 0.640 bps to -23.70. Yields on the UK's 30-year bond were up 2.2 bps to 4.48%, the five-year bond up 5.8 bps to 4.32% and the two-year bond up 6.9 bps to 4.37%. The September 2008 Short Sterling contract was down 12.0 ticks to 94.58. Yields on U.S. 10-year Treasury notes were up 1.7 bps to 3.786%. European stock markets were gaining with the Eurostoxx up 15.72 points to 3244.05, the UK FTSE 100 up 26.30 points to 6231 and the German DAX up 39.27 points to 7042.44. The Japanese Nikkei was trading up 88.02 points to 13743.36. The Canadian dollar was up 0.01 cents to 0.9948 against the USD (1.0052 USD/CAD). Against the euro, the loonie was up 0.10 cents to 0.6436 (1.5538 CAD/EUR). The U.S. dollar was up 1.06 to 103.92 and the euro was up 1.46 to 160.67, both against the yen. The euro was down 0.24 cents to 1.5458 while the pound sterling was up 0.47 cents to 1.9587, both against the USD. The euro was down 0.30 cents to 0.7893 pounds. The Swiss franc was down 0.81 cents to 1.0492 against the USD and down 1.03 cents to 1.6218 against the euro. All data were taken at 7:14 a.m. EDT. Generated by CEP Newswires, edited by Cristina Markham,
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