Developing-world bonds weakened along with stocks on Tuesday as investors weigh the prospect of slower US interest-rate cuts, pushing US yields higher.
A Bloomberg index for emerging-market dollar sovereign bonds declined for a third day as US Treasuries extended Monday’s sharp losses, with the 10-year yield rising back above 4.20% for the first time since July. Globally rising yields hit risk appetite while an MSCI gauge for EM stocks also dropped 0.6%.
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