Bonds,Equities,EU: Equities Real Time News items

• Gilts lower as stocks advance gentlyPosted:11/07/2009 3:57 GMT by NeedToKnowNews
  Gilt futures opened lower while European stock markets advance. Today's domestic agenda has February industrial production data and we expect the pace of deterioration to have slowed somewhat, estimating both manufacturing and total industrial production output to have fallen by 1.0%, versus -2.9% and -2.6% respectively in January. PMI data indicates that the bottom might have been reached for the manufacturing sector and with some indication that producers have been running down inventory, we expect the pace of contraction for the sector to be slower going forward.  The 10-year June Gilt future is down 20 ticks at 120.66. The 2-year Gilt yield is up 3 bp at 1.50% and the 10-year yield is up 2 bp at 3.46%.
• Gilts Rally as Stocks Slide AnewPosted:16/07/2009 11:06 GMT by NeedToKnowNews
  Gilt debt futures have rallied in early trade,  in line with similar moves in Asia overnight. Rate cut expectations have been revised up as fears over a prolonged and deep recession have increased. The domestic agenda is light today and focus is on tomorrow's services PMI data and Thursday's BoE and ECB rate announcements. The December 10-year Gilt future is up 51 ticks at 119.09 and FTSE 100 is down over 2%. The 2-year Gilt future is down 5 bp at 1.95% and the 10-year yield is down 7 bp at 3.60%.