Stock Market Volatility Has Made Investors Interested in SBN Again
Stock market volatility has made investors interested in SBN again. The benchmark 10- year SUN records yield decline of more than 11 bps.
Daily Report | 29 July 2022
The US economic recession caused a slow down to the Fed’s Hawkish and lead to Dovish in 2023. Yesterday, Wall Street rose more than 1%.
SUN Benchmark Strengthens Ahead of the FOMC Meeting
SUN Benchmark Strengthens Ahead of the FOMC Meeting. Yield FR0091 fell nearly 6 bps to 7.35%; with FR0092 relatively flat at the level of 7.49%.
Daily Report | 28 July 2022
Technology Sector performed well during Lockdown; Nasdaq is up more than 4%. Technology Sector and Growth Stock valuations that depend on Future Cash Flows and are very sensitive to changes in interest rates, benefited from an increase in FFR of only +75 Bps (Vs. Speculation +100 Bps).
Government Wins IDR 5.87 Trillion
Government Wins IDR 5.87 Trillion. The government managed to record a nominal value of IDR 5.87 trillion in the Sukuk auction yesterday.
Daily Report | 27 July 2022
Soaring inflation a negative sign for retail stocks. The decline in Walmart shares (WMT.N) by 8%, suppressed the shares of other retail issuers.
Daily Report | 26 July 2022
The US Monetary and Fiscal Authority released economic data, July FFR is projected to rise 75 bps and 2Q22 GDP is projected to grow 0.4% QoQ, making Wall Street closed mixed earlier in the week.
External Economic Data Color This Week’s Trade
External economic data color this week’s trade. NHKSI Research projects an increase in FFR of 75 bps instead of 100 bps, as inflation is projected to be under control, or US Headline Inflation for July which is projected at 0.2% MoM (vs. Jun. 1.3% MoM), based on a Bloomberg survey.
Weekly Report | 25 Jul 2022
Ignoring Shrinkflation, BI 7DRRR remains at 3.50%. Producers attempt to reduce product size but maintain prices, in order to increase margins amid rising raw material prices and supply shortages, or Shrinkflation.
