Investors have started buying Government Bonds (SUN), be it short, medium, or long tenures. This may potentially lead the 5-year FR0086 and 10-year FR0087 benchmarks back to par. Meanwhile the yield of the 15-year FR0088 benchmark is relatively the same with FR0087. Investors have responded positively to the economic data releases this week: slightly lower foreign exchange reserves, low inflation, and record high Manufacturing PMI.
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