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Chinese assets are under pressure across......>

CHINA
CHINA: Chinese assets are under pressure across the board today as stocks head
back towards cycle lows and rate swaps fall to new ytd lows amid renewed curve
flattening. 
- USDCNH briefly found some support at the 6.90 level early on before briefly
and temporarily moving above 6.9100. Pair last trades at 6.9091, breaking above
its 21-dma to target the 50-dma. 
- 2-year interest rate swaps are down 3.5bps on the day while 10-years are down
4.5bps at fresh ytd lows of 3.13%. The 2s-10s spread has dropped to 40bps, its
lowest level since July. 

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