Foreign holdings of US Treasuries increase for second month in December

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“US Treasuries held by foreigners increased for a second consecutive month in December as yields started to decline from their peaks, becoming more attractive to offshore investors,” per the latest report from the US Treasury Department published on Wednesday reported Reuters.

The news backs the recent run-up in the US Treasury bond yields. That said, the US 10-year Treasury bond yields stay firmer around the six-week high, which in turn favors the US Dollar and weighs on the market sentiment.

Also read: Forex Today: US Dollar strength continues amid resilient American economy

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