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Japanese bond futures remain strong amid the...>

JGBS
JGBS: Japanese bond futures remain strong amid the continued EM FX selloff, with
the 10-year trading at 150.37, just off its intraday highs of 150.40. However,
the cash market has performed poorly with the 10-year yield edging slightly
higher to 0.103%.
- 30-year yields have fallen 1.6bps to trade at 0.828%, their lowest level since
August 2. 
- Breakevens have edged up slightly, trading at 0.424%, but remain near 10-month
lows. 
- The JP-US 10-year yield spread continued to narrow, currently at -274.7bps, a
4-month low. The real yield spread has narrowed even more sharply as Japanese
breakevens have fallen, and now sits at -108.0bps, up from 149.7bps three months
ago.

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