EMERGING MARKETS-Surging U.S. bond yields hit Latam currencies, stocks
Thu, 04 Oct 2018 21:43:04 UTCNews Agency:
Soaring U.S. Treasury yields sent Latin
American currencies and stocks sliding on Thursday, mirroring
the declines seen across global financial markets, although a
volatile Brazilian real ended the day flat.
The MSCI Latin American currency index fell
1.5 percent in its steepest plunge in three months as the yield
on the U.S. benchmark 10-year Treasury note was perched at
seven-year highs after robust U.S. economic data.
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