HIGHLIGHTS
- On September 5, 2024, the yield on 10-year Indonesian government bonds decreased to 6.641%, down from 6.667% the previous day. Meanwhile, the10-year UST yield declined to 3.73%, down from 3.77% the previous day.
- The total trading volume of government bonds was IDR38.88 trillion, with a predominant focus on short-term bonds (less than 5 years). This volume represents a decline from the previous day's IDR42.25 trillion and is below the year-to-date average of IDR45.52 trillion. Outright transactions amounted to IDR19.26 trillion, a decrease from the prior day's IDR19.68 trillion.
- Corporate bond trading saw a total volume of IDR1,539 billion, also mainly concentrated in short-term bonds (less than 5 years). This figure is an increase from the previous day's IDR1,256 billion but remains below the year's average of IDR1,933 billion. Outright transactions totaled IDR1,538 billion, up from IDR1,256 billion the day before.
- The Rupiah appreciated by 0.50% against the US Dollar, strengthening to IDR15,398 from IDR15,475. Concurrently, the Jakarta Composite Index (JCI) rose by 0.11%, reaching 7,681 from 7,673. In the commodities markets, Brent crude oil prices declined from USD75.78 to USD75.09 per barrel, while WTI Cushing Crude Oil Spot prices fell from USD70.34 to USD69.20 per barrel.
GLOBAL UPDATES
- US Service sectors expanded in Aug-24 with PMI figures from ISM and S&P were at 51.5 and 55.7, respectively. Demand and was still expanding in Aug-24, although employment was quite mixed. (Trading Economics)
- US 4-week average of jobless claims continued to fell for the fourth consecutive week to 230K, also marking the lowest 4we avg since early Jun-24. (Trading Economics)
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