And JPM analysts said that.........>

US TSYS/RESEARCH: And JPM analysts said that "Developed Mkts sovereign bond

markets have had a risk-off tone ever since the late-Jun/early-Jul yield rises

failed to take out critical support zones."

- They add that "for the US 10-year note, that support rests at 2.39-2.46%,"

which compared to 2.143% at 14:09 pm ET Wed. "The most recent extension of the

rebound from that support has pressed the market to the richest yield levels of

2017, slightly through the 2.10% Jun pivot and just shy of the 2.07% Mar-Jul

0.618 swing objective," they said. "In our view, the trend to lower yields stays

firmly in gear as long as the market is trading richer than the 2.225-2.25%

late-Aug pivots, Jul-Aug trend line, and 50-day MA. Intervening tactical support

rests at 2.16%."