Anticipating the Fed’s Tapering, SUN Market Strengthens Again. Market participants had anticipated the tapering off of the Fed by making selective purchases of a number of Government Securities (SUN) series. All benchmark series recorded lower yields, with FR0086 and FR0088 at 5.16% and 6.33%, respectively, based on NHKSI Fixed Income data. On the other hand, the movement of SUN at the beginning of last week was relatively narrow, amid the anticipation of the Fed’s Jackson Hole symposium on Thursday and Friday this week. This annual symposium discusses the monetary policies of each country.
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