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Bond futures are off their highs with the.....>

BONDS
BONDS: Bond futures are off their highs with the US outperforming following
yesterday's bullish break, Aussie bonds edging back below
resistance-turned-support, and JGBs still stuck in their range.
- US Tsys are trading at 120-10+, easing from their daily highs, with the curve
steepening slightly as the short end underperforms. 2s-10s currently at 33.07,
up 1.5bps on the day. 
- Aussie 10-year futures trade at 97.38, falling from their daily high of 97.395
and edging back below the June 26 high. 
- As usual JGBs have largely shrugged off global price action and remain well
within their 150.81-150.88 range. 
- AU-US 10-year spread has risen back up to -22bps, up 2bps on the day. US-JP
10-year spread has fallen further to 2.8084%, breaking below its 100DMA.

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