HIGHLIGHTS
- The yield on 10-year Indonesian Government Bonds stood at 6.880% on May 6, 2025, slightly higher than the previous day's yield of 6.871%. Meanwhile, UST yield declined by 4bps to 4.10% yesterday.
- Government bond trading volume reached IDR58.49 trillion, primarily driven by medium-term tenors (5–15 years). This marked an increase from the prior day's volume of IDR43.39 trillion and surpassed the year-to-date (YTD) average of IDR48.52 trillion. Outright transactions amounted to IDR43.70 trillion, significantly higher than the previous day’s IDR14.17 trillion.
- Corporate bond trading volume totaled IDR3.50 trillion, with short-term tenors (<5 years) dominating the market. This reflected a decline from the previous day's volume of IDR3.95 trillion, although it remained above the YTD average of IDR2.94 trillion. Outright transactions also recorded IDR3.50 trillion, down from IDR3.95 trillion in the previous session.
- The Indonesian Rupiah depreciated by 0.09% against the US Dollar, weakening from IDR16,435 to IDR16,450. Meanwhile, the Jakarta Composite Index (JCI) rose 0.97% to 6,898 from 6,832. Brent crude oil prices remained unchanged at USD61.41 per barrel, while WTI Cushing crude oil declined from USD58.29 to USD57.13 per barrel.
DOMESTIC UPDATES
- The Government Securities auction on May 6, 2025, recorded incoming bids of IDR 80.85 trillion, up from IDR 77.47 trillion in the April 22 auction. The FR0104 series attracted the highest bids at IDR 43.16 trillion with a yield range of 6.58%–6.78%, followed by FR0103 (IDR 18.44 trillion, 6.85%–7.00%) and FR0106 (IDR 5.56 trillion, 6.99%–7.15%). The government awarded IDR 30 trillion, above the IDR 26 trillion target, resulting in a bid-to-cover ratio of 2.70x. (DJPPR)
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