HIGHLIGHTS
- The yield on 10-year Indonesia Government Bonds stood at 6.165% on November 11, 2025, slightly lower than 6.187% recorded the previous day.
- Government bond trading volume reached IDR49.56 trillion, dominated by medium-term tenors (5–15 years). The figure increased from the previous day’s transaction volume of IDR25.86 trillion, though it remained below the year-to-date (YTD) average of IDR50.73 trillion. Outright transactions amounted to IDR33.04 trillion, rising from IDR12.19 trillion in the prior session.
- Corporate bond trading volume totaled IDR1.69 trillion, mostly concentrated in short-term tenors (<5 years). The volume improved from the previous day’s IDR1.65 trillion, yet remained below the YTD average of IDR3.20 trillion. Outright transactions were recorded at IDR1.69 trillion, up from IDR1.45 trillion a day earlier.
- The Rupiah depreciated by 0.21% against the US Dollar to IDR16,689 from IDR16,654, while the Jakarta Composite Index (JCI) declined by 0.29% to 8,367 from 8,391. Meanwhile, Brent crude oil prices fell from USD63.79 to USD62.42 per barrel, whereas WTI Cushing crude edged up from USD59.75 to USD60.13 per barrel.
DOMESTIC UPDATES
- The auction of Government Sharia Securities (SBSN) on November 11, 2025, recorded total incoming bids of IDR 43.44 trillion, lower than the previous auction on October 28, 2025, which reached IDR 51.43 trillion. The highest investor interest was seen in the PBS034 series, which attracted total bids of IDR 8.52 trillion with a yield range of 6.30%–6.42%. This was followed by SPNS10082026 (new issuance) and SPNS08122025, which received bids of IDR 7.51 trillion and IDR 6.05 trillion, respectively. The yield range for SPNS10082026 was 4.58%–4.70%, while SPNS08122025 was offered at 4.52%–4.62%. The government awarded a total of IDR 10 trillion in this auction, exceeding the indicative target of IDR 7 trillion, with a bid-to-cover ratio of 4.34 times. (MoF)
- Indonesia’s retail sales performance is expected to improve in October 2025, with the Real Sales Index projected to grow 4.3% year-on-year, up from 3.7% in September. The increase is driven by stronger sales in food, beverages, tobacco, cultural goods, and household supplies, supported by rising demand ahead of the Christmas holidays. (Bank Indonesia)
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