HIGHLIGHTS
- The yield on 10-year Indonesian Government Bonds stood at 6.748% on June 11, 2025, slightly down from 6.774% recorded the previous day. Meanwhile, UST 10yr yield declined by 6 bps to 4.41% yesterday.
- Government bond trading volume reached IDR52.06 trillion, primarily driven by medium-term tenors (5–15 years). This figure declined from the previous day's transaction volume of IDR62.86 trillion but remained above the year-to-date (YTD) average of IDR50.33 trillion. Outright transactions amounted to IDR27.54 trillion, also lower than the prior day's IDR31.31 trillion.
- The total trading volume of corporate bonds was recorded at IDR1.776 trillion, dominated by short-term tenors (less than 5 years). This marks a decline from the previous day's volume of IDR4.831 trillion and is also below the YTD average of IDR2.907 trillion. Outright transactions mirrored the total volume at IDR1.776 trillion, down from IDR4.801 trillion recorded a day earlier.
- The Rupiah appreciated by 0.08% against the US Dollar, strengthening to IDR16,260 from IDR16,273. Meanwhile, the Jakarta Composite Index (JCI) edged down by 0.11%, closing at 7,222 compared to the previous close of 7,231. Brent crude oil prices rose from USD68.90 to USD69.68 per barrel, while WTI Cushing crude oil declined from USD65.29 to USD64.98 per barrel.
GLOBAL UPDATES
- US core inflation rose just 0.1% m-m in May-25, below forecasts for the fourth straight month, with annual core and headline inflation at 2.8% and 2.4% respectively. The muted gains suggest firms are still absorbing higher tariff costs or delaying price hikes due to policy uncertainty, inventory buildup, or paused levies. Still, goods exposed to tariffs—like toys and appliances—showed notable price increases. Gasoline prices fell 2.6%, easing overall CPI pressure. Shelter remained a key inflation driver, rising 0.3%. Meanwhile, real wages rose 1.4% y-y, supporting consumer spending despite tariff concerns. (Bloomberg)
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