HIGHLIGHTS
- The yield on Indonesia’s 10-year government bonds rose to 6.901% on April 29, 2026, from 6.794% in the previous session. Meanwhile, the UST 10-year yield increased by 6 bps to 4.42% in the previous session.
- Government bond trading volume reached IDR69.89 trillion, primarily concentrated in short-term tenors (<5 years). This represents an increase from the prior day’s volume of IDR59.27 trillion and remains above the year-to-date (YTD) average of IDR49.43 trillion. However, outright transactions declined to IDR32.78 trillion, compared to IDR48.70 trillion recorded in the previous session.
- In the corporate bond market, total trading volume stood at IDR7.72 trillion, also dominated by short-term maturities. This marks an increase from IDR5.87 trillion in the prior session and is significantly higher than the YTD average of IDR3.31 trillion. Outright transactions rose to IDR7.67 trillion, up from IDR5.87 trillion previously.
- On the currency front, the Indonesian Rupiah depreciated by 0.38% to IDR17,290 per USD, compared to IDR17,225 in the prior session. Meanwhile, the Jakarta Composite Index (JCI) advanced by 0.41%, rising from 7,072 to 7,101. In the commodities market, Brent crude oil prices increased to USD114.72 per barrel from USD111.26, while WTI Cushing crude oil prices rose to USD103.46 per barrel from USD99.93.
GLOBAL UPDATES
- The Federal Reserve held its policy rate at 3.5%–3.75% for a third straight meeting in April 2026, in an 8–4 vote that exposed rare internal divisions. Stephen Miran dissented in favor of a 25bp cut, while Beth Hammack, Neel Kashkari and Lorie Logan opposed the easing bias. Chair Jerome Powell cited Middle East uncertainty, data dependence, and said the Fed stands ready to adjust policy as risks evolve. The vote marked the first four dissents since 1992. (Bloomberg)
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