US Treasuries declined in September, prompted by the possibility of a rate hike by the Federal Reserve in December and Trump's tax reform bill being passed by Congress. Continued tensions in the Korean peninsula weighed on sentiment. Overall, 10-year UST yields ended the month at 2.33%, about 22 basis points (bps) higher compared to end-August. Asian credits registered a slight loss, despite some tightening in credit spreads.
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