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There has been a broad emerging market sell-off this week as the US Federal Reserve continues tapering its bond buying programme, which had kept global markets awash with cash.
Yields on 5-year, 7-year and 10-year bonds, all listed on JP Morgan's emerging market government bond index, rose in volatile trade, dealers said. The 10-year benchmark bond yield traded at 13.54 percent and has risen 60 basis points over the past three days.