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(CEP News) - European equity markets are trading lower with the Eurostoxx losing 57.23 points on the day. In Germany, the bund was up 47.0 ticks to 115.00 with yields down 5.5 bps to 4.01% while the 10-year gilt was up 32.0 ticks to 109.13 with yields down 4.0 bps to 4.58%. The euro was up 0.66 cents to 1.546 USD.
The five-year Bobl was up 20.5 ticks to 109.35, the two-year Schatz was up 7.5 ticks to 103.99 and the June 2008 Euribor contract was trading flat at 95.43. The spread between the 10-year Bund and 10-year U.S. Treasury notes narrowed 1.010 bps to -26.60. Yields on the UK's 30-year bond were down 2.4 bps to 4.45% with the five-year bond down 3.9 bps to 4.25% and the two-year bond down 4.6 bps to 4.27%. The September 2008 Short Sterling contract was up 0.5 ticks to 94.74. Yields on U.S. 10-year Treasury notes were down 3.2 bps to 3.743%. European stock markets were declining with the Eurostoxx down 57.23 points to 3218.40, the UK FTSE 100 down 81.40 points to 6189.398 and the German DAX down 97.19 points to 6974.71. The Japanese Nikkei was trading down 287.92 points to 13655.34. Foreign Exchange The Canadian dollar was up 0.83 cents to 0.9916 against the USD (1.0085 USD/CAD). The loonie was up 0.26 cents to 0.6413 against the euro (1.5593 CAD/EUR). The U.S. dollar was down 0.95 to 102.80 and the euro was down 0.74 to 158.93, both against the yen. The euro was up 0.66 cents to 1.546 while the pound sterling was down 0.61 cents to 1.9482, both against the USD. The euro was up 0.59 cents to 0.7937 pounds. The Swiss franc was up 1.16 cents to 1.0396 against the USD and up 1.08 cents to 1.6073 against the euro. All data were taken at 7:54 a.m. EDT. Generated by CEP Newswires, edited by Nancy Girgis,
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