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Chinese rate markets are seeing some....>

CHINA RATES
CHINA RATES: Chinese rate markets are seeing some upside pressure today as 10
year bond futures extend their selloff from Friday, shedding 20 ticks last. 10
year cash yields are up 4.5bp on the day as resistance at 3.2% comes into focus.
Swap rates have also edged up 1-2bps across the curve. 
- A suite of solid macro data from GDP to retail sales, industrial production
and FAI all generally met expectations, with China's full year real GDP for 2018
meeting expectations at 6.6%.
- The PBOC skipped OMO today, resulting in a net drain of CNY80 billion - the
total of reverse repos maturing today.

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