FR0091 Leads Yield Increase. The yield on the benchmark 10-year government bonds (SUN) series FR0091 rose more than 4 bps to 6.72%. This increase also indicates an inversion of yields with the 15-year benchmark FR0093, which recorded yields at the level of 6.65%. The increase in world oil prices and UST yields became negative sentiment in yesterday’s trade. Yield UST10Y was up 14bps to 2.30% in early trading. Market participants are also re-evaluating the risks from the Ukraine conflict, and the Fed’s aggressive actions to anticipate rising inflation.

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