Yield UST10Y Started Stable at around 1.5%
The Government Securities (SUN) market closed mixed. A number of market participants began to pay attention to the yield on the 10-year US Treasury (UST10Y) which was relatively stable at the level of 1.5%.
Daily Report | 30 Sept 2021
The JCI managed to strengthen significantly, supported by foreign net buys which reached IDR 1.69 trillion. The industrial sector led the gains with an increase of 4.19%; supported by big cap stocks such as ASII and UNTR. For today, JCI is expected to be able to maintain a higher range of movement at 6,100 – 6,250.
FR0091 Weighted Average Yield Increases 13 Bps
The 10-year benchmark SUN recorded a weighted average yield of 6.12% at yesterday’s auction. This figure is 13 bps higher than the previous SUN auction in mid-September 2021.
Daily Report | 29 Sept 2021
The JCI continued to weaken; led by the transportation sector which fell 1.97%. Investors will be more focused on developments from global markets such as the movement of US Treasury yields amid the sluggish domestic sentiment. Technically, the JCI movement will continue to be in the consolidation range of 6,050 – 6,150.
Lack of Sentiment Drives Yield FR0087
The benchmark 10-year government bonds (SUN) series FR0087 posted a yield increase of up to 7 bps yesterday, based on Bloomberg data.
Daily Report | 28 Sept 2021
JCI closed lower at the beginning of the week; with corrections in 7 of the 11 sectoral indexes. Investors still tend to wait and see due to the lack of new sentiment. For today, the benchmark index may continue declining with a projected range of movement at 6.050 – 6.150.
Minimal Weekend Sentiment
This made most of the Government Bonds (SUN) recorded an increase in yield at the close of last Friday.
Weekly Report | 27 Sept 2021
JCI’s movement this week will lack sentiments, be it domestic or global. The new monthly economic data releases are scheduled toward the end of the week, Inflation rate and Manufacturing PMI.
Daily Report | 27 Sept 2021
JCI finally ended a volatile week in the green zone; with foreign net buys reaching IDR 2.39 trillion. Despite the lack of new sentiment at the end of the month, market conditions looked quite conducive after the Federal Reserve signaled the start of Tapering-off in November. Technically, JCI has the opportunity to strengthen again towards the resistance level with a range of 6,100-6,250.
