HIGHLIGHTS

 

  1. Indonesia’s 10-year government bond yield declined to 6.691% on May 13, 2026, from 6.711% in the previous trading session. Meanwhile, the 10-year UST yield rose by 12 bps to 4.59% as of May 15, 2026.
  2. Trading activity in the government bond market increased, with total transaction volume reaching IDR63.01 trillion, primarily driven by short-term tenor bonds (<5 years). The volume was higher compared to the previous day’s transaction of IDR48.09 trillion and also exceeded the year-to-date (YTD) average of IDR49.43 trillion. However, outright transactions declined to IDR16.61 trillion from IDR24.07 trillion in the prior session.
  3. In the corporate bond market, total transaction volume was recorded at IDR5.01 trillion, mainly concentrated in short-term tenor bonds (<5 years). The volume decreased from the previous day’s level of IDR5.93 trillion, although it remained above the 2026 average daily volume of IDR3.31 trillion. Outright transactions also declined to IDR5.01 trillion from IDR5.93 trillion in the preceding session.
  4. On the macro side, the Rupiah appreciated by 0.20% against the US Dollar, strengthening to IDR17,465/USD from IDR17,500/USD previously. Meanwhile, the Jakarta Composite Index (JCI) weakened by 1.98%, declining from 6,859 to 6,723. In the commodities market, Brent crude oil prices edged down to USD107.42 per barrel from USD107.77 per barrel, while WTI Cushing crude oil spot prices declined to USD101.59 per barrel from USD102.18 per barrel.

 

GLOBAL UPDATES

 

  1. The U.S. Senate confirmed Kevin WarsWarsha Federal Reserve governor with a 51-45 vote, clearing the way for a final vote to become Fed Chair, expected on Wednesday. Warsh, a former Fed governor from 2006-2011, is set to replace Jerome Powell as Chair when Powell’s term ends this week. Markets are closely watching Warsh’s leadership as inflation remains elevated due to the Iran war and tariffs, while the labor market stays resilient. WarsWarsh has signaledport for lower interest rates and broader policy changes at the Fed. (CNBC)

 

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