BI 7-DRRR Holds SUN Market. The Government Securities (SUN) market closed mixed, with benchmark SUN yields FR0087 and FR0088 at 6.30% respectively, based on Bloomberg data. In yesterday’s trading, market participants responded to the United States’ (US) monetary policy plan. Investors watched the tightening of market liquidity, in line with the minutes of the Fed’s meeting. Meanwhile, positive domestic sentiment came from the release of the BI Seven Days Reverse Repo Rate (BI 7-DRRR) benchmark interest rate which remained at a low level of 3.50%. BI’s decision is in the midst of 3Q21 domestic economic recovery.
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