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UPDATE 3-Emerging market turmoil boosts safe-haven euro zone debt,...

Reuters
UPDATE 3-Emerging market turmoil boosts safe-haven euro zone debt,...

* Risk aversion grips world markets amid EM turmoil * German, U.S. bond yields at 3-week lows * Italy’s bond yields higher (Updates detail on ECB, prices) By Dhara Ranasinghe LONDON, Aug 10 (Reuters) - Most euro zone bond yields fell on Friday, with German borrowing costs at three-week lows as turmoil in major emerging markets Turkey and Russia boosted demand for safe-haven government debt. The exception was Italy. Its bond yields, already pushed up by concerns about upcoming budget talks, faced additional upward pressure as risk aversion gripped world markets. Turkey’s lira hit the latest in a string of record lows on Friday on the back of a deepening rift with the United States, worries about