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(CEP News) - North American fixed income futures are selling off following better-than-expected U.S. housing starts. U.S. ten-year Treasury Notes were up 7.0 bps to 3.88% and Canadian 10-year CGBs up 3.0 bps to 3.59%.
Futures on the Dow Jones Industrial Average are up 94 points to 12,993. The Canadian dollar is down 0.23 cents to 1.0025 USD, and the euro up 0.22 cents, at 1.547 USD. The U.S. thirty-year bond was down 42.2 ticks to 116.00 with yields up 5.2 bps at 4.60%, the ten-year note down 35.9 ticks to 114.92 with yields up 7.0 bps at 3.88% and the two-year bond was down 14.1 ticks at 105.84 with yields up 10.9 bps at 2.53%. The September 2008 Eurodollar contract was down 3.5 ticks to 97.21. Yields on thirty-year Canadian bonds were up 1.5 bps to 4.05% the ten-year yield up 3.0 bps to 3.59%, and the two-year bond up 4.4 bps at 2.83%. The September 2008 BAX contract was down 3.0 ticks to 97.32. The spread on the ten-year CGB and ten-year U.S. treasury notes narrowed 0.030 bps to 3.59. U.S. equity futures were gaining with contracts on the Dow Jones Industrial Average up 94.28 points to 12,992.66, the S&P 500 up 14.91 points to 1,423.57, and the NASDAQ up 37.03 points to 2,533.73. The Canadian dollar was down 0.23 cents to 1.0025 against the USD( 0.9976 USD/CAD). Against the euro, the loonie was up 0.04 cents to 0.6479 (1.5433 CAD/EUR). Against the yen, the U.S. dollar was up 0.26 to 105.01. The euro was up 0.22 cents at 1.547, the pound sterling was down 0.15 cents at 1.9459 and the Australian dollar up 0.82 cents to 0.9487, all against the USD. Generated by CEP Newswires All data taken 9:14 a.m. EDT, edited by Cristina Markham,
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