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JGB futures are trading at their daily highs...>

JGBS
JGBS: JGB futures are trading at their daily highs with the 10-year building on
its gains at the open to trade at 150.34. Monday's highs at 150.40 and the
21-DMA at 150.42 are firmly in the bulls' sights, and a close above here would
threaten to turn resume the bullish trend. 
- The significant rise in real yields seen over the past month is providing
support to bonds, which look attractive from a valuation perspective relative to
European counterparts, particularly as Italy-Germany spreads threaten to widen. 
- The Japan-US 10-year yield spread remains broadly flat at 278bps. 

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