HIGHLIGHTS
- The yield on 10-year Indonesian government bonds rose to 6.556% on July 29, 2025, from 6.536% the previous day. Meanwhile, UST 10yr yield declined by 8 bps to 4.34% yesterday.
- Government bond trading volume stood at IDR46.43 trillion, primarily driven by short-term tenors (< 5 years). This marked a decline from the previous day’s volume of IDR54.36 trillion and remained below the year-to-date (YTD) average of IDR49.80 trillion. Outright transactions increased to IDR31.43 trillion, compared to IDR28.57 trillion in the prior session.
- Corporate bond transactions totaled IDR5.94 trillion, also dominated by short-term instruments. This was a significant drop from the previous day’s volume of IDR19.74 trillion, though still above the YTD average of IDR3.39 trillion. Outright transactions rose to IDR5.93 trillion from IDR3.39 trillion the day before.
- The Indonesian Rupiah depreciated by 0.34% against the US Dollar, closing at IDR16,398 from IDR16,342. Meanwhile, the Jakarta Composite Index (JCI) edged up 0.04% to 7,618 from 7,615. In commodities, Brent crude rose from USD69.40 to USD70.26 per barrel, while WTI Cushing crude increased from USD66.11 to USD66.71 per barrel.
DOMESTIC UPDATES
- At the Government Securities (SUN) auction on July 29, 2025, total bids reached IDR106.53 trillion, slightly below the IDR109.01 trillion recorded in the previous auction. The newly issued FR0108 series garnered the highest demand at IDR46.47 trillion, with awarded yields ranging from 6.50% to 6.70%. This was followed by FR0104 and FR0106, which attracted IDR28.45 trillion and IDR8.99 trillion, with yields of 6.07%–6.21% and 6.76%–6.90%, respectively. The Government awarded IDR32 trillion, surpassing its IDR27 trillion target, resulting in a bid-to-cover ratio of 3.33x. (MoF)
- Indonesia’s investment realization rose 11.5% y-y to IDR477.7tb in 2Q25, lifting 1H25 total investment to IDR 942.9tn (49.5% of the annual target). However, foreign direct investment (FDI) declined 6.9% y-y to IDR 202.2tn in Q2 amid intensifying global competition for capital, according to Investment Minister Rosan Roeslani. (MoI)
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