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Mid-Morning Market Recap: U.S. Fixed Income Futures Up, Crude Hits All-Time High Print E-mail
Market Updates |  Written by CEP News |  May 16 08 14:49 GMT | 
(CEP News) - Nymex oil was still up, $2.69 per barrel to $126.81, but is on the decline after reaching another all-time high of $127.82. U.S. fixed income markets are up following a soft University of Michigan consumer sentiment survey. Equities are declining with yields on U.S. 10-year Treasury notes down 2.3 bps to 3.79% and Canadian 10-year CGBs up 1.2 bps to 3.57%.

Futures on the Dow Jones industrial average are down 31 points to 12,965.

The Canadian dollar is up 0.0024 to 1.0026 USD and the euro is up 0.0101 to 1.55485 USD.

Yields on two-year Canadian government bonds are up 1.4 bps to 2.80%, with five-year yields up 1.9 bps to 3.16%, 10-year yields up 1.2 bps to 3.57% and 30-year yields flat at 4.04%.

U.S. two-year yields are down 1.5 bps to 2.41%, with five-year yields down 2.1 bps to 3.06%, 10-year yields down 2.3 bps to 3.79% and 30-year yields down 3.5 bps to 4.52%.

The Eurodollar September 08 contract is up 8.0 ticks to 97.32.

The yield curve is flatter, with the 10/2-year spread down 0.0 bps to 138.70 bps.

The Canadian 10-year note is yielding 21.96 bps less than the U.S. 10-year note.

In Germany, returns on two-year German bonds are flat at 3.98%, with five-year yields down 0.5 bps to 4.02%, 10-year yields down 2.0 bps to 4.18% and 30-year yields down 2.8 bps to 4.67%.

Yields on UK two-year bonds are down 1.5 bps to 4.75%, with five-year yields down 2.4 bps to 4.60%, 10-year yields down 5.2 bps to 4.79% and 30-year yields down 7.4 bps to 4.49%.

U.S. equity market futures are lower with contracts on the Dow Jones Industrial Average down 31 points to 12,965, the S&P 500 down 4 points to 1,421 and the Nasdaq down 11 points to 2,025.

European stock markets are higher, with the Eurostoxx up 15 points to 3,287, the UK FTSE 100 up 59 points to 6,311 and the German DAX up 83 points to 7,164.

Asian markets were mixed, with the Japanese Nikkei closing down 32 points to 14,219 and the Hang Seng Index up 105 points to 25,619.

The Canadian dollar is up 0.0023 to 1.0026 against the U.S. dollar (0.9976 USD/CAD) and down 0.3520 to 104.4240 against the yen.

The U.S. dollar is down 0.5700 to 104.1800 against the yen and the Dollar Index is down 0.361 to 73.009.

The euro is up 0.0101 to 1.5549 against the U.S. dollar, up 0.0063 to 1.5508 against the Canadian dollar, up 0.0023 to 0.7955 against the pound sterling and is higher by 0.16 to 161.96 against the yen.

The pound sterling is up 0.0073 to 1.9546 against the U.S. dollar and up 0.0032 to 1.9498 against the Canadian dollar.

WTI crude oil is up $2.33 to $126.45.

The front month gold contract at the Chicago Board of Trade is up $21.90 to $901.80 per ounce.

All data taken at 10:42 a.m. EDT.

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


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