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European Market Update: European Bonds Rise, Equities Lower Ahead of FOMC Print E-mail
Market Updates |  Written by CEP News |  Apr 30 08 11:15 GMT | 
(CEP News) - Ahead of the FOMC rate decision on Wednesday afternoon, European equity markets are trading lower with the Eurostoxx losing 8.29 points on the day. In Germany, the bund was up 2.0 ticks to 114.07 with yields down 1.2 bps to 4.13% while the 10-year gilt was up 9.0 ticks to 108.35 with yields down 2.1 bps to 4.66%. The euro was down 0.21 cents to 1.5552 USD.

The five-year Bobl was down 2.0 ticks to 108.85, the two-year Schatz was down 0.5 ticks to 103.84 and the June 2008 Euribor contract was trading up 2.5 ticks to 95.43.

The spread between the 10-year Bund and 10-year U.S. Treasury notes widened 0.848 bps to -32.80.

Yields on the UK's 30-year bond were down 0.5 bps to 4.51%, the five-year bond down 4.7 bps to 4.36% and the two-year bond down 4.1 bps to 4.41%.

The September 2008 Short Sterling contract was up 5.5 ticks to 94.67.

Yields on U.S. 10-year Treasury notes were down 2.1 bps to 3.798%.

European stock markets were declining with the Eurostoxx down 8.29 points to 3204.75, the UK FTSE 100 down 27.10 points to 6062.301 and the German DAX down 4.05 points to 6881.29.

The Japanese Nikkei was trading down 44.38 points to 13849.99.

The Canadian dollar was up 0.42 cents to 0.9917 against the USD (1.0083 USD/CAD). Against the euro, the loonie was up 0.36 cents to 0.6377 (1.5682 CAD/EUR).

The U.S. dollar was up 0.19 to 104.21 and the euro was up 0.03 to 161.99, both against the yen.

The euro was down 0.21 cents to 1.5552 while the pound sterling was down 0.30 cents to 1.9667, both against the USD.

The euro was up 0.02 cents to 0.7909 pounds.

The Swiss franc was down 0.08 cents to 1.0385 against the USD and up 0.07 cents to 1.6151 against the euro.

All data were taken at 7:12 a.m. EDT.

Generated by CEP Newswires, edited by Nancy Girgis, This email address is being protected from spam bots, you need Javascript enabled to view it


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