UST Yield Increases Again, The majority of Benchmark SUN is below Par
Based on Bloomberg data, the yield on the 10-year US Treasury (UST) rose again on Thursday (25/2), rising nearly 15 bps to the level of 1.52%.
Daily Report | 26 February 2021
The strengthening of JCI yesterday was seen in line with the rebound that occurred in regional stock indices. Amid the lack of new sentiment, investors still tend to take a wait and see attitude. Towards the end of the week, the JCI may be under pressure due to negative sentiment from the US Stock Exchanges.
PBS029, PBS004, and PBS028 Close Target Sukuk Auction
Yesterday, the government conducted an additional sukuk auction (Green Shoe Option), offering the PBS029, PBS004, and PBS028 series through the Bank Indonesia auction system.
Daily Report | 25 February 2021
The JCI weakened yesterday in line with regional stock indexes, which mostly closed in the red zone. Although new sentiment tends to be minimal, market players seem quite optimistic about the foreign net buying action this week. Today, JCI is expected to move in the range 6,223-6,294.
Daily Report | 24 February 2021
From the domestic stock exchange, although JCI was still able to strengthen yesterday, it has not been able to move from its natural consolidation. The gain was supported by TLKM shares which rose 9.46% after the exposure of several corporate action plans. Today, JCI is expected to move in the range of 6,241-6,314.
Focus on PBS029, PBS004, and PBS028, Sukuk Auction Back Below Target
The focus of funding sources on medium and long tenors prevented the government from winning at all the short tenors at the Sukuk auction yesterday.
UST’s Psychological Yield Level Hit SUN Market
Earlier this week, the price of Government Securities (SUN) was under pressure again, as the yield of the 10-year US Treasury (UST) rose to a psychological level of 1.3% in trading last Friday (19/02).
Daily Report | 23 February 2021
The JCI strengthening yesterday occurred amid the decline in the majority of global markets. With the lack of new sentiment, market players will observe developments in the vaccination program as well as the potential for increased demand for credit after the cut in interest rates and the easing of the LTV policy. For today, JCI is expected to consolidate in the range of 6,173 – 6,314.
UST Yield Increase Trend, Most Benchmark at Discount
The yield on the 10-year US Treasury (UST) rose 1.5 bps again, or was approaching the psychological level of 1.3% last week.
