SUN Market Strengthening Amid Cadev Data. Yesterday’s movement in the Government Securities (SUN) market was in the midst of the release of data on Foreign Exchange Reserves (Cadev) which was relatively stable. The easing of concerns about the impact of the Covid-19 variant of the Omicron has again raised investor optimism. On the other hand, investors are still watching the yield on the 10-year US Treasury rise above the 1.4% level; after dropping last week.
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