- Eurostoxx up 0.00%
- FTSE 100 down -0.02%
- Euro down 1.09 cents to 1.3076 USD
- Pound Sterling down 1.28 cents to 1.4798 USD
- Yields on German Ten Year Bunds up 1.4 bps to 3.19%
- Yields on UK Ten Year Gilts up 1.6 bps to 3.25%

The German ten-year Bund was down 18.0 ticks to 122.47 with yields up 1.4 bps to 3.19%, while the 10-year gilt was down 14.0 ticks to 122.80 with yields up 1.6 bps to 3.25% following the trade balance report out of Eurostat. The euro was down 1.09 cents to 1.3076 USD.

According to the statistics office, the euro zone trade deficit contracted by more than expected in February, falling to €2.0 billion from a previous level of €10.9 billion. Economists had expected a less pronounced fall to €5.0 billion for the month. Meanwhile, January’s figure was revised up from a previous deficit figure of €10.5 billion.

In seasonally adjusted terms, the trade deficit fell to €4.0 billion, down from both the €4.9 billion level expected and January’s €5.4 billion figure, revised down from €5.5 billion.

The five-year Bobl was down 14.5 ticks to 115.76, the two-year Schatz down 9.0 ticks to 107.92 and the September 2009 Euribor contract trading down 3.0 ticks to 98.68.

The spread between the 10-year Bund and 10-year U.S. Treasury notes narrowed 1.240 bps to -36.70.

UK 30-year bond yields were up 3.0 bps to 4.41%, five-year bond yields were up 0.8 bps to 2.43%, while yields on the two-year bond were down 0.2 bps to 1.32%.

The September 2009 Short Sterling contract was down 1.0 tick to 98.61.

Yields on U.S. 10-year Treasury notes were down 0.7 bps to 2.823%.

European stock markets were mixed with the Eurostoxx up 0.03 points to 1972.18, the UK FTSE 100 down 0.71 points to 4052.27 and the German DAX down 4.77 points to 4604.69.

The Japanese Nikkei was trading up 152.32 points to 8907.58.

The Canadian dollar was down 0.42 cents to 0.8240 against the USD (1.2133 USD/CAD). Against the euro, the loonie was up 0.21 cents to 0.6303 (1.5866 CAD/EUR).

The U.S. dollar was down 0.01 to 99.27 and the euro was down 1.09 to 129.81, both against the yen.

The euro was down 1.09 cents to 1.3076 while the pound sterling was down 1.28 cents to 1.4798, both against the USD.

The euro was up 0.03 cents to 0.8836 pounds.

The Swiss franc was down 1.64 cents to 1.163 against the USD and down 0.95 cents to 1.5212 against the euro.

All data were taken at 5:08 a.m. EDT.

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