High Inflation Sentiment, Mixed SUN Market. In addition to concerns that the inflation rate of the United States (US) remains high, yesterday’s market movement was amid the release of China’s inflation data. China’s Consumer Price Index (CPI) data for October rose 1.5% YoY, or higher than the previous month’s 0.7% YoY. Meanwhile, China’s Producer Price Index (PPI) in the same period rose 13.5% YoY, or higher than the previous month’s 10.7% YoY. The yield on the benchmark 10-year government bonds (SUN) series FR0087 was relatively flat at 6.14%.
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