UPDATE 1-Canada April factory shipments retreat from high

(Reuters) - Analysts had forecast a 0.2 percent gain in April. Statscan
revised the March increase to 3.0 percent from 2.8 percent.




Motor vehicle shipments plunged 11.1 percent, more than
canceling out the gains of the previous month, while the
aerospace industry fell 6.4 percent. Beyond the transportation
industry, shipment values were mostly up, led by primary metals
products on strong demand from Asia. Excluding autos, shipments
rose 1 percent in April.


Read more at Reuters.com Economic News

TREASURIES-Bonds fall after U.S. retail sales, import prices

(Reuters) - The benchmark 10-year note's price fell 5/32 for a yield of
5.32 percent , versus 5.28 percent before the data
and compared with 5.29 percent late on Tuesday. Bond yields and
prices move inversely.




Read more at Reuters.com Bonds News

U.S. Stock Futures Gain as Treasuries Erase Losses; Merrill Shares Advance

(Bloomberg) -- U.S. stock-index futures gained
after Treasury bonds erased losses following a decline that
earlier pushed yields on 10-year notes to the highest in more
than five years.

Merrill Lynch & Co., the world's biggest brokerage, and
Wachovia Corp., the fourth-biggest U.S. bank, advanced in
trading in Europe.


Read more at Bloomberg Stocks News

US STOCKS-Futures rise as yields ease; data on tap

(Reuters) - NEW YORK, June 13 - U.S. stock futures rose on
Wednesday as bond yields retreated ahead of fresh economic data
seen likely to shed light on the outlook for interest rates.




The yield on the benchmark 10-year Treasury note
backed off to 5.29 percent from 5.31 percent seen
earlier as yields rose to five-year peaks.


Read more at Reuters.com Bonds News

Nickel Trades Near Lowest in Three Months as Use Slows; Copper, Zinc Fall

(Bloomberg) -- Nickel traded close to a three
month-low low in London on speculation swelling stockpiles are a
signal demand from stainless-steel producers is slowing. Copper
and zinc also dropped.

Inventories of nickel tracked by the London Metal Exchange
have risen 36 percent this year to an 11-month high. Stainless
steelmakers consume two-thirds of the world's nickel. Outokumpu
Oyj, the world's third-largest producer, is cutting output
because of slowing demand for the alloy.


Read more at Bloomberg Commodities News

Spectra Energy sees IPO of 10 mln common units at $19-$21/unit

(Reuters) - Spectra Energy Partners said the common units have been
approved for listing on the New York Stock Exchange under the
symbol "SEP."





Read more at Reuters.com Bonds News

Algoma Steel Will Sell $450 Million of Notes: U.S. Corporate Bond Alert

(Bloomberg) -- Algoma Steel Inc., a Canadian maker
of hot-rolled steel sheets, plans to sell $450 million of senior
notes to finance the company's takeover by India's Essar Steel
Ltd., Standard & Poor's Leveraged Commentary & Data said.

Algoma and SLM Corp. are among borrowers seeking to raise
at least $36.6 billion of bonds in the U.S., according to data
compiled by Bloomberg.


Read more at Bloomberg Bonds News