The five-year Bobl was down 80.5 ticks to 105.64, the two-year Schatz down 35.5 ticks to 102.24 and the June 2008 Euribor contract was trading down 3.5 ticks to 94.93.

The spread between the 10-year Bund and 10-year U.S. Treasury notes narrowed 10.192 bps to -64.60.

Yields on the UK's 30-year bond were up 6.6 bps to 4.68%, the five-year bond up 8.9 bps to 5.18% and the two-year bond up 9.8 bps to 5.24%.

The September 2008 Short Sterling contract was down 3.5 ticks to 93.90.

Yields on U.S. 10-year Treasury notes were up 2.3 bps to 3.988%.

European stock markets were mixed with the Eurostoxx up 11.46 points to 2887.52, the UK FTSE 100 up 49.50 points to 5579.4 and the German DAX down 61.50 points to 6360.41.

The Japanese Nikkei was trading down 62.98 points to 13481.38.

The Canadian dollar was down 0.02 cents to 0.9889 against the USD (1.0114 USD/CAD). Against the euro, the loonie was up 0.10 cents to 0.6273 (1.5941 CAD/EUR).

The U.S. dollar was down 0.54 to 105.60 and the euro was down 1.15 to 166.46, both against the yen.

The euro was down 0.29 cents to 1.5764 while the pound sterling was down 0.52 cents to 1.9898, both against the USD.

The euro was up 0.06 cents to 0.7923 pounds.

The Swiss franc was down 0.02 cents to 1.0185 against the USD and up 0.27 cents to 1.6056 against the euro.

All data taken at 8:16 a.m. EDT.

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