Late bond market prices .
LONDON 1996-08-30
This is how major world bond markets were trading in late European business on Friday .
GERMANY - Bunds extended losses , flirting with session lows after falling victim to sharply higher U.S. economic data which revived fears that interest rates may soon turn higher .
The September Bund future on the London International Financial Futures and Options Exchange ( LIFFE ) was trading at 97.18 , down 0.20 from Thursday 's settlement price .
BRITAIN - Gilts struggled off the day 's lows but ended 10/32 down on the day .
A sharp plunge in U.S. Treasuries after a shock rise in the Chicago PMI pulled gilts lower , but traders said the market was nervous anyway ahead of August MO data and the PMI survey due on Monday .
The September long gilt future on LIFFE was trading at 107-2/32 , down 8/32 from Thursday 's settlement price .
FRANCE - Bond and PIBOR futures ended the day higher despite much stronger than expected U.S. data .
The September notional bond future on the MATIF in Paris settled at 123.14 , up 0.04 from Thursday 's settlement price .
ITALY - Bond futures held to easier levels in late afternoon after the sharp drop in Treasuries , but a resilient lira helped limit BTP losses .
The September bond future on LIFFE was trading at 115.45 , down 0.13 from Thursday 's settlement price .
UNITED STATES - Prices of U.S. Treasury securities were trading sharply lower near midday after a surprisingly strong Chicago Purchasing Managers ' report shook the markets ahead of the long Labour Day weekend .
The September Treasury bond future on the Chicago Board of Trade was trading at 107-11/32 , down 26/32 from Thursday 's settlement price .
The long bond was quoted to yield 7.12 percent .
JAPAN - Yield for benchmark 182nd cash bond fell on buy-backs following weaker-than-expected industrial output data , which convinced traders the BOJ would not raise interest rates soon .
Japanese Goverment Bonds futures which closed before the output data , lost much of day 's gains as Tokyo stock prices recovered from the day 's low.In after hours trading the September future on LIFFE was trading at 122.53 , up 0.26 from Thursday 's settlement price on the Tokyo Stock Exchange .
EUROBONDS - Primary market activity was sharply lower , as players wound down ahead of Monday 's U.S. Labour Day holiday and next week 's U.S. employment data .
NSW Treasury launched a A$ 100 million three-year discount bond aimed at Japanese investors .
DNIB issued a 275 million Norwegian crown bond , which was pre-placed with a European institution .
DNIB also set a 110 million guilder step-up bond .
Next week Kansai Electric Power and Kansai International Airport are likely to launch 10-year dollar deals .