The yield on benchmark 10-year Government Bonds (SUN) FR0087 rose to 6.39%. A number of market participants are anticipating the results of the Federal Open Market Committee (FOMC) meeting, as well as the Fed’s monetary policy. NHKSI Research still projects that the Fed Funds Rate (FFR) benchmark interest rate will not change, or remain low. However, we do observe the potential for a reduction in bond purchases in the US secondary market. Although it does not change interest rates; however the Fed raised its forecast for 2023 to 0.6%.

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