The market rallied yesterday, with yields tightening 30bp in all the segments. Having opened only 0.05pp stronger, the bonds gained momentum in the second half of the day. The long end rose 1.0-1.3pp in price, with RFLB 23 (YTM 10.53%, series 26215) climbed to 82.35. The belly advanced 0.4-0.7pp in price and the front end grew 0.3-0.5pp. As a result, the curve shifted to 10.55%, taking an almost flat shape.