Mixed SUN Market, Responding to the Basic Macro Assumptions of 2022. The basic assumption of economic growth in 2022, which does not exceed 5.5%, has made market participants return to interest in long tenors that offer high yields. Benchmark 20-year SUN FR0083 posted a decline in yield of nearly 3 bps. Meanwhile, the short tenor FR0086 fell 3 bps, due to its good liquidity. Yesterday’s market movement was also amid the release of trade balance data, which returned to a surplus beyond market expectations.
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