HIGHLIGHTS
- The yield on the 10-year Indonesian Government Bonds stood at 6.925% as of April 25, 2025, slightly lower than the previous day’s level of 6.951%. Meanwhile, UST 10yr yield fell by 3 bps to 4.29% yesterday.
- The total trading volume of government bonds reached IDR34.10 trillion, with the majority concentrated in short-term tenors (less than 5 years). This marked an increase from the previous day's volume of IDR33.61 trillion, although it remained below the year-to-date average of IDR48.32 trillion. Meanwhile, outright transactions amounted to IDR15.29 trillion, declining from IDR17.06 trillion recorded in the prior session.
- Corporate bond trading volume totaled IDR3.71 trillion, also dominated by short-term tenors (less than 5 years). This reflected a notable increase from IDR2.21 trillion on the previous day and surpassed the year-to-date average of IDR2.85 trillion. Outright transactions in corporate bonds reached IDR3.57 trillion, up from IDR2.10 trillion in the previous session.
- The Rupiah appreciated by 0.24% against the US Dollar, strengthening to IDR16,830 from IDR16,870. Concurrently, the Jakarta Composite Index (JCI) rose 0.99% from 6,613 to 6,679. In the commodities market, Brent crude oil advanced to USD67.27 per barrel from USD66.95, while WTI Cushing crude oil increased to USD63.57 per barrel from USD62.98.
GLOBAL UPDATES
- US Treasury Secretary Scott Bessent said the U.S. is negotiating with 18 major trading partners, with China in a “special negotiation” and talks with the other 17 set to progress over the next 90 days. He noted good progress with Asian countries and expects a potential trade deal with South Korea soon, with Korean officials targeting early July for tariff exemptions. (Bloomberg)
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