Uncertainty of Global Economic Recovery. This has made market participants aggressively buy into Government Bonds (SUN) the 2022 benchmark candidate. The FR0090, FR0091, and FR0092 series recorded yield declines in the range of 3.6 bps to 8.3 bps yesterday. Meanwhile, FR0092 (20.6-year) recorded a yield decrease of up to 8.3 bps, along with offering attractive yields and high coupons of 7.125%. Investors are looking for attractive rewards amidst the current low interest rate trend. From external sentiment, market players are again looking at the increase in Covid-19 cases in China and sentiment from the energy crisis and rising global inflation.

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