Yield Spread Only 480 Bps
Capital inflow sentiment again pushed the yield of 10-year Government Securities (SUN) FR0087 down to a level of 6.45% at the close of the weekend.
Weekly Report | 12 April 2021
JCI movement this week is predicted to be sideways, as the amount of daily transaction tend to decline during Ramadhan. Investors will pay close attention to the impact of the homecoming ban on economic activity during fasting period. Meanwhile, the will also be influenced by the release of March 2021 Trade Balance data which is projected to decline, although still at a surplus.
Daily Report | 12 April 2021
Last week, JCI was able to strengthen by 0.98% even though it had not been able to break out of the bearish trend. Several factors that could affect market movements this week include the potential for the continuation of foreign investors selling action and the release of the Trade Balance for the March 2021 period. For today, JCI is expected to move in the range of 6,000 – 6,123.
The Fed Maintains a Bond Purchase Policy
The majority of government bonds (SUN) prices closed higher yesterday, as investors responded positively to the minutes of the Fed meeting which maintained its bond buying policy.
Daily Report | 09 April 2021
JCI continued to rise for three days in a row amid a downward trend in daily transaction values. Investors will look at the impact of the prohibition on transportation operations during Eid al-Fitr as well as the release of Consumer Confidence Index (IKK) figures for March 2021. Today, the JCI is projected to move in the range of 5,980 – 6,126.
FR0087 Towards Par
The majority of market players tend to collect short and medium tenor Government Securities (SUN), compared to long tenors.
Daily Report | 08 April 2021
JCI was still able to continue its rebound amidst foreign selling that had not subsided. Investors will observe the impact of the decline in Foreign Exchange Reserves on the rupiah exchange rate. For today, JCI is expected to move in a consolidation range in the area of 5,980 – 6,126.
Low Weighted Average Yield, Press Interest in Sukuk Auction
Series PBS027, PBS004, and PBS028 recorded a weighted average yield of 4.90% respectively; 6.66%; and 7,18%. This figure is 2bps, 7bps and 2bps lower than the previous Sukuk auction.
Daily Report | 07 April 2021
Domestically, yesterday’s rebound in the JCI managed to bring the benchmark index back above 6,000. The rally was led by the mining sector, which has been pressured to the oversold area for some time. Today, investors will observe the release of Foreign Exchange Reserves position for March and its impact on the movement of the Rupiah exchange rate.
