Weekend Selective Buying Action. All benchmark series Government Securities (SUN) recorded a decline in yields over the weekend, in line with market players’ selective buying. Previously, global market players were again worried about the Fed’s hawkish tone. Last week, the yield of UST10Y had reached the level of 1.75%. Investors were again worried about the potential for monetary policy tightening, although this was previously calmed by the Fed Chair, Jerome Powell.
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