Government Cancels SBN Auction for Remaining 2021. Benchmark series of Government Bonds (SUN) moved higher, with the steepest decline in yields in long tenors. Market participants responded to the government’s decision to cancel the auction of Government Securities (SBN) in the remainder of 2021. This cancellation reduced the supply of SBN and made investors hunt for it in the secondary market. Yields FR0088 and FR0092 fell 2.5 bps and 3 bps to 6.22% and 6.80%, respectively.
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