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Bond futures are trading at daily highs.......>

BONDS: Bond futures are trading at daily highs across the board, with the US
outperforming as bond and equity correlations surge.  
- US T-note futures trade at 118-10+, extending yesterday's late-day rally,
while the 10-year yield has dropped back below 3.1500%. The curve has remained
flat at 31.64bps following yesterday's drop. The underperformance in the 30-year
continues with the 10s-30s trading near multi-month highs at 18.43bps. 
- Aussie bond futures have tracked the US higher but are off early lows to trade
at 97.27. 
- JGB futures are approaching their Oct 4 highs at 150.22 as the sharp drop in
inflation expectations has supported real yields, in contrast to the drop in
real yields seen in the US. 

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