HIGHLIGHTS
- The yield on the 10-year Indonesia Government Bond increased to 7.414% on June 9, 2026, from 7.279% in the previous trading session. Meanwhile, the UST 10-year UST yield declined by 3 bps to 4.53% yesterday.
- Government bond trading volume reached IDR68.02 trillion, with activity primarily concentrated in medium-term tenors (5–15 years). The volume increased significantly from IDR43.06 trillion recorded in the previous session and remained above the year-to-date (YTD) average of IDR49.43 trillion. Meanwhile, outright transactions surged to IDR37.50 trillion, compared with IDR18.35 trillion in the preceding trading day.
- Corporate bond trading volume totaled IDR8.67 trillion, dominated by short-term tenors (less than 5 years). The volume declined from IDR10.68 trillion in the previous session but remained well above the YTD average of IDR3.31 trillion. Meanwhile, outright transactions decreased to IDR7.66 trillion, compared with IDR10.65 trillion recorded on the previous trading day.
- The Indonesian Rupiah appreciated by 0.65% against the US Dollar, strengthening to IDR18,060/USD from IDR18,178/USD. Meanwhile, the Jakarta Composite Index (JCI) rebounded sharply, gaining 7.57% to 5,747 from 5,342 in the previous session. In the commodities market, Brent crude oil declined from USD94.25 to USD92.29 per barrel, while WTI Cushing Crude Oil Spot fell from USD91.30 to USD89.08 per barrel.
GLOBAL UPDATES
- China’s trade surplus widened to USD105.4 billion in May 2026 from USD102.7 billion a year earlier, exceeding market expectations and marking the largest surplus since January. Export growth accelerated to 19.4% YoY, reaching a record USD376.8 billion as firms continued front-loading shipments and inventory accumulation amid concerns over higher energy costs linked to Middle East tensions. Meanwhile, imports rose 27.4% YoY to USD271.4 billion, supported by government measures to boost domestic demand. Going forward, stronger import growth suggests improving domestic activity, although external demand remains a key driver of China’s trade performance. (Bloomberg)
DOMESTIC UPDATES
- The Government Bond (SUN) auction conducted on June 9, 2026 recorded total incoming bids of IDR46.70 trillion, lower than the IDR57.30 trillion received in the previous auction held on May 26, 2026. Among the securities offered, FR0109 attracted the strongest investor demand, with total bids reaching IDR15.29 trillion and incoming yield ranges of 7.26%–8.15%. This was followed by FR0108, which garnered IDR8.45 trillion in bids with yield ranges of 7.16%–8.20%, and SPN12270610 (New Issuance), which received IDR6.36 trillion in bids at yield ranges of 7.00%–8.10%. The Government awarded a total of IDR26.85 trillion, below its indicative issuance target of IDR36 trillion. Consequently, the auction recorded a bid-to-cover ratio of 1.74x. (MoF)
- Bank Indonesia unexpectedly delivered a 25bps rate hike in an extraordinary meeting on 9 June 2026, raising the benchmark rate to 5.5% as intensifying external pressures continued to weigh on the rupiah. The central bank also increased its deposit and lending facility rates while introducing additional measures to attract foreign capital and strengthen currency stability. The move underscores BI’s growing focus on safeguarding financial market confidence and containing exchange rate volatility amid heightened geopolitical uncertainty. Meanwhile, easing tensions between Iran and Israel improved global risk sentiment and helped moderate pressure on emerging market assets. (Bank Indonesia)
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