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China IMF victory to sap central bank appetite for Aussie debt

Appeal of such bonds is being eroded by a narrowing yield premium over the US

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The IMF has signalled that it will include the yuan as the fifth currency in its Special Drawing Rights basket this month.

Taipei

CHINA is about to deal another blow to Australian bonds as the yuan's ascent into the International Monetary Fund's reserves diverts investments from Aussie-dollar assets.

The IMF signalled that it will include the yuan as the fifth currency in its Special Drawing Rights

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