Government Securities (SUN) series FR0088 posted a yield of 6.12% or the same level compared to FR0087 (10-year) at the close of last week. Yields are relatively attractive and prices below par at the time of issuance last Tuesday, making investors interested in this 15-year benchmark replacement for the FR0080. Based on Bloomberg data, the FR0088 price closed at 101.25 or an increase from the issuance price of 98.87. On the other hand, a number of market players realized the benefits of FR0087, making the yield on this 10-year benchmark increase by more than 10 bps. From the external side, expectations for greater US stimulus also bolstered SUN trading last Friday. The Democrat Party controls the government and legislation of the United States (US), boosting global investor optimism for greater stimulus.
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