The US Central Bank (the Fed) has again kept the Fed Rate low, even though the economy of the United States (US) is recovering faster than expected. The interest rate is still 0.25%, and the Fed’s commitment to maintain it until 2023. The Fed’s statement, encouraging capital inflow on the Indonesian bond market, all benchmark series Government Bonds (SUN) recorded an increase in prices yesterday. On the other hand, the 10-year UST yield was stuck at the 1.62% level, making the yield on the same tenor SUN again attractive because it recorded a fairly wide spread.
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