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The 4-week rolling correlation between........>

CHINA
CHINA: The 4-week rolling correlation between 2-year Chinese interest rate swaps
and Chinese stocks has fallen to zero from as high as 0.97 on July 4. 
- As we argued was the most likely scenario back then, the correlation has
broken down in favour of stocks while rates have remained on their steep
downtrend, despite edging slightly off their lows. 
- The oversold bounce in stocks, if sustained, should provide some upside
momentum to rate expectations, which should keep correlations positive going
forward. 

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