North American fixed income markets are mixed and equities are up with yields on U.S. 10-year Treasury notes up 0.9 bps to 3.86% and Canadian 10-year CGBs flat at 3.67%. Futures on the Dow Jones industrial average are up 17 points to 12853. The Canadian dollar is down 0.0027 to 0.9880 USD and the euro is up 0.0002 to 1.53951 USD.

Yields on two-year Canadian government bonds are down 1.2 bps to 2.79%, five-year yields are down 0.6 bps to 3.14%, 10-year yields are flat at 3.67% and 30-year yields are flat at 4.16%. The Canadian 10-year note is yielding 18.7 bps less than the U.S. 10-year note.

U.S. two-year yields are down 0.8 bps to 2.30%, five-year yields are down 0.7 bps to 3.07%, 10-year yields are up 0.9 bps to 3.86% and 30-year yields are up 0.9 bps to 4.61%. The Eurodollar September 08 contract is up 3.5 ticks to 97.38. The yield curve is steeper with the 10/2 year spread up 1.1 bps to 155.26 bps.

In Germany, returns on two-year German bonds are up 2.5 bps to 3.81% with five-year yields down 3.8 bps to 3.88%, 10-year yields down 4.6 bps to 4.13% and 30-year yields down 4.3 bps to 4.60%.

Yields on UK two-year bonds are down 8.9 bps to 4.36% with five-year yields up 3.0 bps to 4.41%, 10-year yields down 4.3 bps to 4.67% and 30-year yields down 2.7 bps to 4.52%.

U.S. equity market futures are higher with contracts on the Dow Jones Industrial Average up 17 points to 12853, the S&P 500 up 3 points to 1398 and the Nasdaq up 5 points to 1965.

European stock markets are lower, with the Eurostoxx down 14.83 points to 3271.67, the UK FTSE 100 down 10.60 points to 6250.40 and the German DAX down 40.39 points to 7035.86.

Asian markets were lower, with the Japanese Nikkei closing down 159.22 points to 13943.26 and the Hang Seng Index down 160.42 points to 25449.79.

The euro is up 0.0002 to 1.5395 against the USD, down 0.0047 to 1.5585 against the Canadian dollar and lower by 1.19 at 160.04 against the yen.

Against the U.S. dollar, the Canadian dollar is down 0.0027 to 0.9880 and the Australian dollar is higher by 0.0003 to 0.9423.

The U.S. dollar is down 0.79 to 103.96 against the yen and the pound is up 0.0047 to 1.9584 USD.

The Canadian dollar is down 1.06 to 102.70 against the yen. The pound is higher by 0.0102 to 1.9826 against the loonie.

The U.S. Dollar Index was up 0.1460 to 73.6600.

WTI crude oil is up $0.04 to $123.57 while the front month gold contract at the Chicago Board of Trade is up $8.80 to $880.00.

All data taken at 9:12 a.m. EDT.

By Adam Button, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Nancy Girgis, This email address is being protected from spam bots, you need Javascript enabled to view it