Yield UST10Y Touch 1.76%
The steady yield of UST10Y at around 1.76% has put pressure on the Government Securities (SUN) market at the beginning of the week.
The steady yield of UST10Y at around 1.76% has put pressure on the Government Securities (SUN) market at the beginning of the week.
The benchmark index is expected to remain under pressure with a projected range of movement in the area of 6,650-6,750.
Concerns about accelerated rate hikes have not subsided, with the potential for accelerated tightening of the Fed’s monetary policy.
Investors will respond to the release of Non-Farm Payroll which has been announced last week, after previously booking only 210 thousands of new jobs in November 2021.
JCI has the potential to continue strengthening with a projected range of 6,650 – 6,820.
FR0090 and FR0091 each posted a yield increase of nearly 9 bps, outpacing other benchmark series of Government Bonds.
JCI has the opportunity to rebound with a projected range of movement at 6,600-6,750.
The price of benchmark 15-year government bonds (SUN) FR0093 closed higher at par, or at the level of 100.57.
As for the movement of the benchmark index, it will try to rebound with the projected range of movement at 6634 – 6750.