Weekly Report | 18 Jul 2022

The trade balance surplus penetrated USD 5.1 billion, in the midst of sloping CPO commodity prices. Indonesia’s exports in June reached USD 26.1 Billion (+21.3% MoM), supported by high CPO exports

Daily Report | 18 July 2022

Quarterly Results and Retail Sales beat expectations, the Dow Jones rose more than 2%. Up to 80% of the 35 companies in the S&P 500 that have reported Quarterly Results, performed above market expectations.

The SBN Market Responded Negatively to US Inflation

The SBN market responded negatively to US inflation, which reached 9%. FFR Futures support a 100 bps rate hike at the end of July, to reduce Headline Inflation or June CPI which reached 1.3% MoM (Vs. May 1.0% MoM) and 9.1% YoY (Vs. May 8.6% YoY ).

Daily Report | 15 July 2022

Quarterly results of two major US banks were below expectations, leaving Wall Street under pressure of nearly 2% in early trading.

The SUN Benchmark Is Relatively Flat

The SUN Benchmark is relatively flat, amid investor attitudes that tend to wait and see. In addition to data on US June inflation at the consumer and producer levels, which remain high, investors will wait and see to determine BI’s RDG figures for the third Thursday of the upcoming week.

Daily Report | 14 July 2022

Hawkish aggressive FFR 100 Bps required, US inflation breaches 9%. FFR Futures support a 100 bps rate hike at the end of July, to reduce Headline Inflation or June CPI which reached 1.3% MoM (Vs. May 1.0% MoM) and 9.1% YoY (Vs. May 8.6% YoY ).

Government Wins IDR 6 Trillion

Government Wins IDR 6 Trillion. The government won the auction of State Sharia Securities (SBSN) or State Sukuk last Tuesday worth Rp 6 trillion or below the indicative target set at Rp 7 trillion.

Daily Report | 13 July 2022

The Fed braces for 8.8% inflation, investors avoid risk assets and seek safe havens. Wall Street stocks continued to weaken, but yield on UST10Y was stable below 3% with an inverted yield curve (Vs. UST2Y 3.05%).