5 October 2022
The government only absorbed IDR 755 billion in the Sukuk auction yesterday. Meanwhile, incoming bids reached IDR 7.05 trillion. The nominal value won is below this target, making the government to implement the Green Shoe Option today.
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4 October 2022
SUN Benchmark Mixed, amid high inflation. Indonesian manufacturing is expanding again, with S&P Global Indonesia PMI Manufacturing Sept. at level 53.7 (Vs. Aug. 51.7); should have been a positive catalyst for yesterday's trading.
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3 October 2022
External sentiment, investors faced continued Hawkish or November +75Bps and December +50Bps FFR hikes, closing FY22E FFR to 4.25%-4.50% levels.
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30 September 2022
SUN Benchmarks were mixed amid the depreciation of the rupiah, which was approaching the level of USD15,300/USD. Market participants are also paying close attention to the discourse of the BoE's QE worth GBP65B, or the BoE to intervene to buy UK30Y Gilts worth GBP5Bn per day until 14 October.
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29 September 2022
SUN Benchmarks are mixed, amid the lack of sentiment this week. FR91 recorded a 4bps yield increase to the level of 7.30%, amid a wait-and-see attitude for the release of Indonesia's inflation data for the September period, on Monday next week.
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