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Global Markets: U.S. yields at 10-month high on report China may slow U.S. bond purchases

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - Major government bond yields hit multi-month highs and world stock indexes fell on Wednesday following a report that Chinese officials have recommended slowing or halting purchases of U.S. government bonds.The yield on 10-year U.S. Treasury hit a 10-month high, while the dollar slumped against a basket of currencies following the Bloomberg News report.The Chinese officials, who were not named, said the market for U.S. government bonds is becoming less attractive relative to other assets, according to the report. They also cited trade tensions with ...

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First Published: Wed, January 10 2018. 21:11 IST
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