European Market Recap: European Bonds Mixed, Equities Lower

- Eurostoxx down -0.57%
- FTSE 100 down -0.07%
- Euro down 1.36 cents to 1.339 USD
- Pound Sterling down 1.55 cents to 1.4298 USD
- Yields on German Ten Year Bunds down 3.7 bps to 3.09%
- Yields on UK Ten Year Gilts down 1.7 bps to 3.29%

The German ten-year Bund was up 37.0 ticks to 123.45 with yields down 3.7 bps to 3.09%, while the 10-year gilt was down 10.0 ticks to 121.64 with yields down 1.7 bps to 3.29%.

The five-year Bobl was up 35.0 ticks to 116.05, the two-year Schatz up 15.5 ticks to 108.07 and the September 2009 Euribor contract trading up 4.5 ticks to 98.63.

The spread between the 10-year Bund and 10-year U.S. Treasury notes widened 2.409 bps to -36.70.

UK 30-year bond yields were down 0.4 bps to 4.26%, five-year bond yields were down 0.7 bps to 2.48%, while yields on the two-year bond were up 0.6 bps to 1.29%.

The September 2009 Short Sterling contract was down 2.0 ticks to 98.44.

Yields on U.S. 10-year Treasury notes were down 1.3 bps to 2.726%.

European stock markets were declining with the Eurostoxx down 10.57 points to 1833.14, the UK FTSE 100 down 2.74 points to 3922.46 and the German DAX down 23.99 points to 4235.38.

The Japanese Nikkei was trading down 9.36 points to 8626.97.

The Canadian dollar was down 0.38 cents to 0.8088 against the USD (1.2364 USD/CAD). Against the euro, the loonie was up 0.33 cents to 0.6040 (1.6556 CAD/EUR).

The U.S. dollar was down 0.69 to 98.03 and the euro was down 2.24 to 131.27, both against the yen.

The euro was down 1.36 cents to 1.339 while the pound sterling was down 1.55 cents to 1.4298, both against the USD.

The euro was up 0.08 cents to 0.9366 pounds.

The Swiss franc was down 1.18 cents to 1.1389 against the USD and down 0.07 cents to 1.5253 against the euro.