Increase in UST Yield Press SUN Benchmark. FR0090 and FR0091 each posted a yield increase of nearly 9 bps, outpacing other benchmark series of Government Bonds. Investors responded negatively to the release of the minutes of the Fed’s December meeting, which signaled a more hawkish monetary policy than expected. This triggered higher bond yields, with the 10-year US Treasury breaching the 1.70% level. Market participants will still be faced with the challenge of changing the Fed’s policy as well as the increasing number of Covid-19 cases.
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