Investors Return to Interest in Long Tenors. The long tenor yield FR0083 was stable below the psychological 7% level, as market sentiment worsened and sparked buying of safe-haven assets. The decline in yield on FR0083 was in contrast to the increase in yield on other benchmark series of Government Securities (SUN), which rose in the range of 0.3 bps to 2.6 bps. Market participants responded in the form of an increase in Covid-19 cases in China and Europe, as well as a slowdown in the United States (US) economy ahead of the tapering off.
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