HIGHLIGHTS

 

  1. The yield on the 10-year Indonesia Government Bond declined to 7.276% on 6 August 2026, from 7.289% in the previous trading session. Meanwhile, the 10-year US Treasury yield rose by 6 bps to 4.69% yesterday.

 

  1. Trading activity in the government bond market totaled IDR38.78 trillion, down from IDR60.01 trillion in the previous session, with transactions primarily concentrated in short-tenor bonds (less than five years). Trading volume fell below the year-to-date (YTD) daily average of IDR49.43 trillion. Meanwhile, outright transactions decreased to IDR12.78 trillion, compared with IDR18.19 trillion in the prior trading session.

 

  1. In the corporate bond market, total trading volume declined to IDR6.29 trillion from IDR10.21 trillion in the previous session, with activity continuing to be dominated by short-tenor bonds (less than five years). Despite the decline, trading volume remained above the YTD daily average of IDR3.31 trillion. Outright transactions also fell to IDR6.28 trillion, from IDR10.17 trillion in the previous session.

 

  1. In the currency market, the Indonesian Rupiah appreciated by 0.07% against the US Dollar to IDR17,918/USD, from IDR17,930/USD in the previous session. Meanwhile, the Jakarta Composite Index (JCI) slipped 0.12%, closing at 6,344 from 6,351. In the commodity market, Brent crude increased to USD79.67 per barrel from USD79.45, while WTI Cushing Crude Oil Spot edged higher to USD75.39 per barrel from USD75.22.

 

GLOBAL UPDATES

 

  1. US labor market conditions remained resilient, with initial jobless claims edging up by just 1,000 to 199,000 in the final week of July, remaining near multi-decade lows and signaling sustained employment strength. Meanwhile, Q2 nonfarm labor productivity rose 1.4% QoQ, exceeding expectations as output growth outpaced hours worked. Together, the data support the FOMC’s decision to keep interest rates unchanged despite inflation remaining above target, reinforcing the Fed’s wait-and-see approach ahead of the September meeting as policymakers assess whether inflationary pressures continue to ease. (Trading Economics)

 

 

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