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JPM analysts said that "realized...>

US TSYS/RESEARCH
US TSYS/RESEARCH: JPM analysts said that "realized volatility has retreated to
decade lows, but we do not see any catalysts to dislodge the low-volatility
environment over the near term: it is unlikely Chair Yellen uses her speech at
the Jackson Hole Symposium to affect policy expectations, the data calendar is
relatively light over the next two weeks, and traditional debt ceiling dynamics
are unlikely to impact markets and risk appetite until after the Labor Day
holiday."

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