International diversification for bond allocations is, in theory, an attractive concept, but in practice it’s not working out so great in 2021 for US investors, based on a set of ETFs.

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* Senate Majority Leader Schumer announces deal to avert government shutdown
* Democrats are now the main threat to Biden’s economic agenda
* Central bankers expect supply-chain issues to prolong higher inflation
* China’s mfg sector contracted slightly in September, official data show
* An alternative mfg survey for China reports the sector stabilized in Sep
* UK economic growth revised sharply higher for Q2
* Family offices are increasingly considering crypto investments
* US pending home sales surged in August, surprising forecasters
* US 10-year Treasury yield continues to rise, reaching new 3-month high: