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Morning Market Update: Stocks Set to Open Lower While Fixed Income Rallies Print E-mail
Market Updates |  Written by CEP News |  Apr 29 08 14:07 GMT | 
(CEP News) - North American fixed income markets are up and equities are declining with yields on U.S. 10-year Treasury notes down 1.9 bps to 3.81% and Canadian 10-year CGBs down 2.2 bps to 3.70%. Futures on the Dow Jones industrial average are down 33 points to 12846. The Canadian dollar is up 0.0005 to 0.9875 USD and the euro is down 0.0095 to 1.5563 USD.

U.S. two-year yields are down 2.4 bps to 2.32%, five-year yields down 2.4 bps to 3.09%, 10-year yields down 1.9 bps to 3.81% and 30-year yields down 1.0 bps to 4.55%. The Eurodollar September 08 contract is up 5.0 ticks to 97.18. The 10/2 year spread widened 0.34 bps to 148.94. The yield curve is steeper with the difference in yield between the U.S. two-year and 10-year notes up 0.3 bps to 148.94 bps.

Yields on two-year Canadian government bonds are down 2.6 bps to 2.85%, five-year yields down 2.2 bps to 3.18%, 10-year yields down 2.2 bps to 3.70% and 30-year yields down 0.7 bps to 4.19%. The Canadian 10-year note is yielding 10.18 bps less than the U.S. 10-year note.

In Germany, returns on two-year German bonds are down 5.8 bps to 3.78%, five-year yields down 3.9 bps to 3.90%, 10-year yields down 3.0 bps to 4.17% and 30-year yields down 4.0 bps to 4.69%.

Yields on UK two-year bonds are down 5.9 bps to 4.45%, five-year yields down 6.2 bps to 4.41%, 10-year yields down 5.0 bps to 4.69% and 30-year yields down 1.4 bps to 4.53%.

U.S. equity market futures are lower with contracts on the Dow Jones industrial average down 33 points to 12846, the S&P 500 down 2 points to 1395 and the Nasdaq down 7 points to 1922.

European stock markets are mixed, with the Eurostoxx down 7.41 points to 3221.78, the UK FTSE 100 up 5.60 points to 6096.00 and the German DAX down 31.55 points to 6893.78.

Asian markets were higher, with the Japanese Nikkei closing up 30.90 points to 13894.37 and the Hang Seng Index up 247.86 points to 25914.15.

The euro is down 0.0095 to 1.5563 against the USD, down 0.0040 to 1.5760 against the Canadian dollar and lower by 1.40 to 161.70 against the yen.

Against the U.S. dollar, the Canadian dollar is up 0.0005 to 0.9875 and the Australian dollar is lower by 0.0078 to 0.9311.

The U.S. dollar is down 0.27 to 103.92 against the yen and the pound is down 0.0186 to 1.9728 USD.

The Canadian dollar is down 0.28 to 102.61 against the yen and higher by 0.0192 to 1.9980 against the pound sterling.

WTI crude oil is down $2.61 to $116.14 while the front month gold contract at the Chicago Board of Trade is down $15.40 to $880.10.

All data taken at 9:02 a.m. EDT.

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


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