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US investment-grade bonds are looking attractive to foreign buyers as yields rise and hedging costs drop, according to JPMorgan Chase & Co.
Daily average net buying from a subset of overseas investors, mostly from Asia, was $390 million per day last week, the bank’s credit strategists including Eric Beinstein and Nathaniel Rosenbaum wrote in a note Tuesday. That’s 64% higher than the year-to-date average pace.
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