Yield benchmarks FR0081 and FR0082 which headed for the psychological level of 5% and 6%, in yesterday’s trading. A number of market players still respond positively to the US 3Q20 Gross Domestic Product (GDP) data which is expansive, after previously contracting by 31% in 2Q20 or the deepest fall since the government started recording GDP in 1947. The US Department of Commerce reported that GDP growth was 33.1 % YoY, confirming the pace of US economic expansion in 3Q20. Meanwhile, public consumption is the main driver of growth. Government stimulus and weekly unemployment benefits, increase the purchasing power of citizens. The movement of Government Securities (SUN) yesterday was also in the midst of waiting for the last SUN auction for 2020 on Tuesday. The government will offer SPN12210304, SPN12211202, FR0086, FR0087, FR0080, FR0083, and FR0076.
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