The price of Government Securities (SUN) has been relatively under pressure for a week, amid expectations of economic recovery due to vaccinations. This makes investors interested in risky assets such as stocks, and insuring safe haven assets such as government bonds. The yield on 10-year government securities rose nearly 8 bps a week, heading to the 6.24% level. The highest yield increase was in the 15-year tenor, which rose nearly 9 bps to 6.22%. As for external sentiment, the stimulus from the United States (US) government and vaccination sentiment fueled expectations that the US economy would recover more quickly. This sentiment also led to an increase in the yield of the 10-year United States Treasury (UST), to close above the psychological level of 1%.
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