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Treasury-Buying Spree of $17 Billion Has UAE Eclipsing China

  • UAE buys about $17 billion of U.S. securities in February
  • Purchases came as 10-year yields jumped most since 2016
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The United Arab Emirates went on its biggest Treasury-buying spree on record in February, purchasing more of the safe-haven securities than China in one of the worst months for U.S. debt markets in years.