- Large SBN maturities support lower yields, but sustained declines require favorable global and domestic rate conditions.
- SRBI maturities do not ensure liquidity, as monetary operations, issuance strategy, and pricing remain drivers of yields.
- Tighter liquidity is increasingly evident as credit outpaces funding and wider IndONIA spreads signal funding pressure.
HIGHLIGHTS
- Can Large Maturities in Sep-26 Push Yields Lower?
- SRBI: Large Maturities, Limited Liquidity Impact
- Liquidity Tailwind Continues to Moderate
- Global and Domestic Bond Markets
- Fixed Income Flows
This Week Key Focus
- Indonesia Consumer Confidence – Jul 2026 (Monday)
- Indonesia Retail Sales – Jun 2026 (Tuesday)
- United States Headline and Core Inflation Rate – Jul 2026 (Wednesday)
- United States Retail Sales – Jul 2026 (Friday)
Last week Key Events
GLOBAL UPDATES
- The US trade deficit narrowed to USD73.3bn in June 2026
- US nonfarm payrolls unexpectedly fell 23K in July 2026
- China’s trade surplus widened to USD112.5bn in July 2026
DOMESTIC UPDATES
- Indonesia’s GDP grew 5.29% YoY in 2Q26
- Indonesia’s FX reserves declined to USD 145.3 billion in July 2026
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