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10-year JGB futures trade at 150.16 after......>

JGBS
JGBS: 10-year JGB futures trade at 150.16 after they were unable to break above
the key 150.22 resistance level yesterday that has held firm on multiple
occasions now, returning the focus to the downside. 
- The 10-year yield found some support at the 0.14% level which returns the
focus to upside. 
- The drop in breakevens has seen real 10-year yields continue to rise,
currently at -36.9bps. 
- However, the rolling correlation between 10-year yields and 10-year breakevens
has returned to positive after the brief negative period that followed the spike
in yields in late-July. This shows that rising yields are no longer weighing on
inflation expectations which supports the continued yield rise. 

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