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

JGBS
JGBS: JGB futures are trading at their daily highs of 150.37, with gains at the
open extending throughout the day. 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
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. Renewed weakness in Japanese stocks is also helping the
space, with the NKY rejected at its 50/200-DMAs. 
- The 10-year yield sits at 0.101%. Japan-US 10-year yield spread remains
broadly flat at 277.7bps.

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