Benchmark Candidates Strengthen in the Middle of the Debt Switch
FR0090 and FR0092 led the yield decline to around 2.4 bps, or yields fell the deepest compared to FR0091, and FR0088 which fell around 1 bps.
Daily Report | 24 Sept 2021
JCI was still able to continue gaining; led by the energy and technology sectors which rose 2.19% and 1.77% respectively.
The Fed’s FOMC meeting
Benchmark Government Bond (SUN) yields closed slightly higher yesterday, as market players’ attention turned to the announcement of the results of the Federal Open Market Committee (FOMC) meeting. Another external sentiment, coming from US housing starts to beat expectations. FR0088 and FR0090 closed below par, with yields at 6.27% and 5.13%, respectively, according to Bloomberg data.
Daily Report | 23 Sept 2021
JCI was able to score a rebound; supported by foreign net purchases of IDR 495 billion. The movement of the stock market will be influenced by the response of market participants to the direction of the Federal Reserve’s monetary policy. For today, there is the potential for profit taking with a projected range of JCI movement at the level of 6,000-6,150.
Daily Report | 22 Sept 2021
From the domestic market, although still closed in the red; the selling pressure on the JCI seems to have eased slightly. Bank Indonesia decided to keep the interest rate at 3.5%; so the attention of market participants will turn to the announcement of monetary policy from the US central bank. Technically, JCI has a chance to rebound within the range of movement at 5,950 – 6,150.
SUN Market Depressed Along with Stock Exchange
Market participants are worried about the impact of Evergrande’s situation in China, which is facing the threat of default on debt payments.
Daily Report | 21 Sept 2021
JCI was also under pressure with declines in 10 of the 11 sectoral indexes. Apart from observing the development of the Evergrande problem, investors are also faced with tapering-off plan; as the Federal Reserve’s monthly meeting begins today. Technically, the JCI still has the potential to weaken with a projected range of movement at 5,950-6,150.
Wait and See, Yield Rises Slightly
Market participants are relatively cautious ahead of the Fed’s meeting this week, causing benchmark yields to record slight gains over the weekend.
Weekly Report | 20 Sept 2021
Domestically, Bank Indonesia is predicted to maintain its accommodative monetary policy amid the low inflation.
