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JGBs continued their sell-off on Tuesday.......>

JGBS
JGBS: JGBs continued their sell-off on Tuesday with the 10-year new 3-week lows
at 150.63 having broken cleanly below both its 100DAM and 200DMA. The 10-year
yield sits at 0.060%. 
- The 2/10 curve steepened to 17.4bps as the 2--year remained virtually flat.
US/JP 10-year spreads closed above 3.0% for the first time since 2007,
undermining the yen. 
- Focus will shift to incoming Japan GDP figures which are expected to show flat
growth and a continued increase in the GDP deflator. Weak growth and rising
inflation would put the BOJ and the yen in an increasingly tight spot. 

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