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Global Income (Aberdeen Global Income Fund, Inc.)*: U.S. government bonds sold-off a little during the first half of October as fears of a U.S. default were fairly muted during the debt ceiling fiasco. Once a resolution was reached, bonds rallied as markets began to focus on the longer-term impact of government shutdown on growth, as well as the likelihood of a further delay to U.S. Federal Reserve (Fed) tapering consequent of a lack of clean economic data and the appointment of Janet Yellen as the new Fed Chairman. The result of the shifting sentiment was that U.S. Treasury yields fell in October with the 10 year yield closing 10 basis points lower at 2.55%.

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