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Gilt futures pare losses after U.S. jobless claims

LONDON | Thu Aug 19, 2010 8:45am EDT

LONDON Aug 19 (Reuters) - British gilt futures pared losses on Thursday after data showed new U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week.

The figures added to evidence that the U.S. recovery may be losing traction, and boosted the appeal of government debt at the expense of equities.

The September gilt future FLGU0 recovered to 124.45 after the data, 13 ticks down on the day, having been 20 ticks lower before the release.

The yield on 10-year gilt yields GB10YT=RR remained two basis points higher on the day at 3.04 percent.

--------------------- KEY MARKET DATA--------------------------- Long Gilt futures <0#FLG:> Gilt benchmark chain <0#GBBMK=> Short Stg futures <0#FSS:> Cash market quotes <GB/GILT1> Deposit rates DM= Sterling cross rates GBPX1= UK debt speedguide <GB/DEBT> Econ. indicator polls<ECI/GB> --------------------KEY MARKET REPORTS-------------------------- Gilts [GB/] Sterling [GBP/] Euro Debt [GVD/EUR] Dollar [USD/] U.S. Treasuries [US/] Debt reports [DBT] -------------------- GILT STRIPS DATA -------------------------- Gilt strips data <GB/STRIPS1> All gilt strips <0#GBSTRIP=> Gilt strips IO <0#GBSTRIPIO=> Gilt strips PO <0#GBSTRIPPO=> A list of all the strippable British gilts <0#GBSTRIPTSY=> --------------------- FOR MORE NEWS ---------------------------- Top British news [TOP/UK] World news [GLANCE/G] UK diary [GB/DIARY] Press reviews [PRESS] New from Reuters [INFO] Useful Speedguides REUTERS <PHONE/HELP> <USER/HELP>

(Editing by John Stonestreet)

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