The affirmation of the 50 bps FFR increase in May, and April’s US inflation remaining high at 8.1% YoY, became negative sentiment for a week. Moreover, the US April Producer Price Index 11% YoY, surpassed the consensus of 10.7%, breaking the opinion of an end to high inflation last March. Over the weekend, benchmark SUN closed mixed, with yield on FR0091 relatively flat at 7.36%.
Download full report HERE.
