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Emerging East Asia’s financial conditions weaken amid U.S. rates hike: ADB

MANILA, Nov. 27 (Xinhua) — Financial conditions in emerging East Asia weakened in the third quarter of 2023 amid expectations of higher interest rates for a longer period in the United States, according to a new report by the Asian Development Bank (ADB) released on Monday.

The latest edition of the Asia Bond Monitor said government bond yields rose across most regional markets in response to the elevated U.S.