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Risk-off tone accelerating.........>

EMERGING MARKETS
EMERGING MARKETS: Risk-off tone accelerating across FX markets, with ZAR, BRL,
MXN and others falling further. USD/ZAR now touching levels not seen since late
2017 and US treasuries benefiting markedly. US treasuries now sitting at session
highs across the curve with 10y yields briefly slipping to 2.884%.

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