26 October 2021
In addition to keeping an eye on global commodity prices, market participants are waiting for the release of the United States (US) Gross Domestic Product (GDP) for the 3Q21 period, which consensus is projected to grow 3% QoQ. The movement of the Government Bond (SUN) market earlier this week also responded to comments from the Fed Chair last Friday, which stated that it was not yet time to raise interest rates.
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25 October 2021
A number of market players took selective buying, amid the increase in the yield of UST10Y which had touched the level of 1.7%.
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21 October 2021
Market participants were interested in the PBS031 and PBS029 series in the Sukuk auction last Tuesday. Short tenors and high returns have made both series record entry offers of up to IDR 10.5 trillion and IDR 14.4 trillion.
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19 October 2021
The FR0087 series is moving flat with a yield of 6.20%. Market participants are waiting for the release of the BI 7-DRRR benchmark interest rate data for the October period, which is projected to remain at the level of 3.50%.
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18 October 2021
Market participants responded positively to the September trade balance which recorded surplus of USD 4.3 billion. This figure is higher than the market consensus of USD 3.8 billion. On the other hand, the surplus trade balance position throughout 2021 will strengthen the rupiah's position ahead of the Fed's tapering off.
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