High Yield and Benchmark Candidates. The government’s decision to carry out burden sharing in the Government Securities (SBN) market provides certainty that yield volatility will return to a limited range next year. This has made market players aggressively interested in the benchmark 10-year candidate FR0091, and the high-yielding 20-year FR0083. Both series recorded significant yield declines yesterday. Based on Bloomberg data, yield on FR0091 fell more than 18 bps, and yield on FR0083 fell below the psychological 7% level.
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