(CEP News) - The German, ten-year Bund was down 28.0 ticks to 124.84 with yields up 4.4 bps to 3.04%, while the 10-year gilt was down 37.0 ticks to 121.33 with yields up 4.8 bps to 3.26%, following euro zone industrial production release for November. The euro was up 0.54 cents to 1.3238 USD.
According to Eurostat, industrial production in the monetary union fell 1.6% from October to November, in line with the previous month's fall, but up from the 2.1% decline expected.
On an annualized basis, industrial output slipped 7.7% in November, down from both the 6.1% decline forecast and October's 5.7% fall.
The five-year Bobl was down 23.5 ticks to 116.48, the two-year Schatz down 6.5 ticks to 107.82 and the March 2009 Euribor contract trading down 0.5 ticks to 98.09.
The spread between the 10-year Bund and 10-year U.S. Treasury notes narrowed 1.010 bps to -71.60.
UK 30-year bond yields were up 2.5 bps to 4.01%, five-year bond yields were up 5.4 bps to 2.80%, while yields on the two-year bond were up 7.5 bps to 1.67%.
The March 2009 Short Sterling contract was down 2.0 ticks to 98.54.
Yields on U.S. 10-year Treasury notes were up 2.6 bps to 2.319%.
European stock markets were declining with the Eurostoxx down 34.73 points to 2070.81, the UK FTSE 100 down 73.25 points to 4325.898 and the German DAX down 70.75 points to 4566.19.
The Japanese Nikkei was trading up 24.54 points to 8438.45.
The Canadian dollar was up 0.15 cents to 0.8183 against the USD (1.2215 USD/CAD). Against the euro, the loonie was down 0.11 cents to 0.6184 (1.6172 CAD/EUR).
The U.S. dollar was down 0.10 to 89.28 and the euro was up 0.34 to 118.18, both against the yen.
The euro was up 0.54 cents to 1.3238 while the pound sterling was up 0.29 cents to 1.4531, both against the USD.
The euro was up 0.20 cents to 0.9111 pounds.
The Swiss franc was up 0.44 cents to 1.1145 against the USD and down 0.03 cents to 1.4755 against the euro.
All data were taken at 5:11 a.m. EST.
Generated by CEP Newswires
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca
The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News.
According to Eurostat, industrial production in the monetary union fell 1.6% from October to November, in line with the previous month's fall, but up from the 2.1% decline expected.
On an annualized basis, industrial output slipped 7.7% in November, down from both the 6.1% decline forecast and October's 5.7% fall.
The five-year Bobl was down 23.5 ticks to 116.48, the two-year Schatz down 6.5 ticks to 107.82 and the March 2009 Euribor contract trading down 0.5 ticks to 98.09.
The spread between the 10-year Bund and 10-year U.S. Treasury notes narrowed 1.010 bps to -71.60.
UK 30-year bond yields were up 2.5 bps to 4.01%, five-year bond yields were up 5.4 bps to 2.80%, while yields on the two-year bond were up 7.5 bps to 1.67%.
The March 2009 Short Sterling contract was down 2.0 ticks to 98.54.
Yields on U.S. 10-year Treasury notes were up 2.6 bps to 2.319%.
European stock markets were declining with the Eurostoxx down 34.73 points to 2070.81, the UK FTSE 100 down 73.25 points to 4325.898 and the German DAX down 70.75 points to 4566.19.
The Japanese Nikkei was trading up 24.54 points to 8438.45.
The Canadian dollar was up 0.15 cents to 0.8183 against the USD (1.2215 USD/CAD). Against the euro, the loonie was down 0.11 cents to 0.6184 (1.6172 CAD/EUR).
The U.S. dollar was down 0.10 to 89.28 and the euro was up 0.34 to 118.18, both against the yen.
The euro was up 0.54 cents to 1.3238 while the pound sterling was up 0.29 cents to 1.4531, both against the USD.
The euro was up 0.20 cents to 0.9111 pounds.
The Swiss franc was up 0.44 cents to 1.1145 against the USD and down 0.03 cents to 1.4755 against the euro.
All data were taken at 5:11 a.m. EST.
Generated by CEP Newswires
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca
The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News.
A copy of CEP News disclaimer can be found at style="color: rgb(51, 51, 255);">http://www.economicnews.ca/cepnews/wire/disclaimer.
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