The benchmark SUN price slightly strengthened, amid various responses related to the Biden transition period and the cabinet announcement. The 20-year yield of FR0083 holds below the psychological level of 7%. Biden began announcing a number of members from the Obama administration, including: US Secretary of State Anthony Blinken, Treasury Secretary Janet Yellen, Director of National Intelligence Avril Haines, President’s special envoy on climate issues John Kerry, leader of the US Department of Homeland Security Alejandro Mayorkas, Biden’s adviser Jake Sullivan, and White House chief of staff Ron Klain. The movement of Government Securities (SUN) yesterday was also in the midst of waiting for the last SUN auction for 2020 on Tuesday (1 December 2020) next week. In the previous SUN auction, the government offered fixed rate series FR0086, FR0087, FR0080, FR0083, and FR0076.

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