The US Gross Domestic Product (GDP) has recorded a recovery from the impact of Covid-19. US economy 1Q21 period at 6.4% YoY. This figure continues the previous 4.3% expansion in Q4 2020, and also topped market expectations of 6.1%. On the other hand, business reopening and increased spending pushed US headline inflation up 3.5% in January to March, compared to 1.5% in the previous quarter. At the end of the week, all benchmark series Government Securities (SUN) recorded a decrease in yield, with FR0087 at 6.44% level. The recovery of investor interest has also pushed the yield of long tenors back to the psychological level of 7%.
Download full report HERE.