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Higher-for-Longer Mantra Starts to Weigh on Emerging-Market Debt

(Bloomberg) Emerging-market central banks are joining their developed peers in pushing back against expectations of a rapid switch to cutting interest rates, souring the outlook for developing-nation bonds. Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedZelenskiy Says He’s Removing Ukraine Defense Chief in RevampTesla’s $41,000 Model ....

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Singapore T-bill cut-off yield rises to 3.89%

There were $9.9 billion in applications for the Singapore T-bills, down from $11.5 billion in the last auction. Read more at straitstimes.com. ....

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Interbank borrowing cost highest since 2007

The cost for banks to borrow Hong Kong dollars from each other for a month rose to the highest level since 2007 after prolonged currency int. ....

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China's interbank repo turnover hits record, market expects more easing

SHANGHAI/SINGAPORE, May 25 (Reuters) - The turnover of
repurchase agreements (repos) traded in China's interbank market
hit a record high on Wednesday, official data showed on
Thursday, fuelled by hopes for further monetary easing measures
. | 10:35pm ....

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