Foreign investors were strong buyers of US Treasuries at the start of the year, according to official data released yesterday.
But their recent purchases now face growing losses as bond yields have jumped this week.
The yield on benchmark 10-year notes hit a 2.35 per cent five-month high yesterday, up from 1.99 per cent on Monday, decisively breaking out of a trading range anchored at about 2 per cent since November.
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