3 August 2022
Positive economic data sentiment supported bids for SUN auctions. DJPPR data shows bids for SUN auctions reached IDR 36.9 trillion, higher than the previous SUN auction of IDR 29.5 trillion.
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2 August 2022
BI still has room to hold BI 7DRRR. A number of domestic economic data supported the market yesterday, such as: S&P Global Indonesia Manufacturing PMI in July which continued to expand or at the level of 51.3 (Jun. 50.2); and July's Core CPI YoY of 2.86% (Jun. 2.63%) or still within BI's target of 2%-4%, making BI still have room to hold back the BI 7DRRR.
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1 August 2022
SUN Benchmark Mixed Amid US Recession. In addition to Indonesia's inflation which has not become a concern in the near future, the movement of the SUN market for the week amid the US economy officially recorded a recession, or GDP Annualized 2Q22 contracted -0.9% QoQ (Vs. 1Q22 -1.6% QoQ), in line with consumer spending, with Personal Consumption 2Q22 QoQ +1.0% and Core PCE 2Q22 QoQ +4.4%, slower than the previous quarter.
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29 July 2022
Stock market volatility has made investors interested in SBN again. The benchmark 10- year SUN records yield decline of more than 11 bps.
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28 July 2022
SUN Benchmark Strengthens Ahead of the FOMC Meeting. Yield FR0091 fell nearly 6 bps to 7.35%; with FR0092 relatively flat at the level of 7.49%.
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