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Sept 13 - Foreign investors sold Asian bonds in August due to a spike in U.S. yields, but analysts see potential inflows to the region as the U.S. Federal Reserve may be nearing the end of its monetary tightening, making yields in Asia attractive once again.
"The Fed is close to the end of its hiking cycle. We see that the US dollar is likely to weaken from here, and so Asian currencies are likely to benefit from that," said Jean-Charles Sambor, head of Emerging Markets Fixed Income at BNP Paribas Asset Management. Investors await key inflation data from U.S. later in the day for more clues to what the Fed will do then.
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