SUN Benchmark Back. The Government Bond (SUN) market was again under pressure, still responding negatively to the inflation rate of the United States (US) for the March 2022 period which reached 8.5% YoY (Vs. Cons. 8.4% YoY). Bringing US inflation back to the level of 2% is a tough task for the Fed. As for the pressure on the bond market, in contrast to the Jakarta Composite Index, which closed higher yesterday. Stock market participants believe that US inflation is in line with market expectations, and view that US inflation has now reached its peak before the speculation of a 50 bps increase in the Fed Funds Rate, in May, June and July.
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