The five-year Bobl was down 12.5 ticks to 106.55, the two-year Schatz was down 4.5 ticks to 102.69 and the June 2008 Euribor contract was trading up 1.0 tick to 94.99.

The spread between the 10-year Bund and 10-year U.S. Treasury notes widened 0.120 bps to -44.90.

Yields on the UK's 30-year bond were up 6.9 bps to 4.65%, the five-year bond was up 7.4 bps to 4.99% and the two-year bond was up 7.4 bps to 5.04%.

The September 2008 Short Sterling contract was down 0.5 ticks to 94.12.

Yields on U.S. 10-year Treasury notes were up 2.9 bps to 4.020%.

European stock markets were gaining with the Eurostoxx up 26.43 points to 2813.92, the UK FTSE 100 up 39.50 points to 5325.801 and the German DAX up 62.40 points to 6333.67.

The Japanese Nikkei was trading down 84.25 points to 12803.70.

The Canadian dollar was up 0.02 cents to 0.9944 against the USD (1.0056 USD/CAD). Against the euro, the loonie was up 0.08 cents to 0.6275 (1.5935 CAD/EUR).

The U.S. dollar was up 0.36 to 106.63 and the euro was up 0.40 to 168.96, both against the yen. The euro was down 0.17 cents to 1.5846, while the pound sterling was down 0.86 cents to 1.9953, both against the USD.

The euro was up 0.27 cents to 0.7942 pounds. The Swiss franc was down 0.29 cents to 1.0222 against the USD and down 0.30 cents to 1.6199 against the euro.

All data taken at 7:23 a.m. EDT.

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