US Treasury Yields Hitting EM Currencies

US government bond yields - largely considered as one of the safest investments to have - have shot up, resulting in many traders pulling their money out of high yield bonds - such as those issued by Malaysia - and redirecting it to the US. How severe is this problem faced by the Ringgit and other Emerging Market currencies? We ask Stephen Innes, Senior FX Trader at Oanda to find out more.