HIGHLIGHTS
- Yield of 10-year Indonesia Government Bonds is 7.098% on April 25, 2024, vs 7.062% the day before.
- Government bonds volume was IDR43.32 trillion, and it was dominated by short term (< 5 years). It was fell than the previous day transaction of IDR47.12 trillion. The volume lower than its YTD average of IDR44.83 trillion. While the outright transaction reached IDR24.45 trilion increased from the previous day's transaction which amount to IDR16.97 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR2,705.85 billion, dominated by short term (< 5 years). The transaction volume was up compared to the previous day's volume of IDR2,293.71 billion. The volume higher compared to this year's average of IDR1,982.85 billion. Meanwhile, outright transaction recorded at IDR2,705.85 billion was up from the previous day's transaction of IDR1,866.31 billion.
- The Rupiah exchange rate against the US Dollar weakened by 0.21% to IDR16,188 from IDR16,154 while the JCI dropped -0.27% from 7,175 to 7,155. Then Brent increased from 88.55 to 88.84 USD per barrel, while WTI Cushing Crude Oil Spot price fell from 84.66 to 84.17 USD per barrel.
GLOBAL UPDATES
- US GDP increased by 1.6% q-q in 1Q24. The figure is an annualized rate. It is lower than the consensus of 2.5% and 4Q23’s 3.4%. However, Core PCE accelerated to 3.7% q-q, compared to 2% in 4Q23. US Treasury surged to 4.7% following the data publication. (Bloomberg)
DOMESTIC UPDATES
- Money Supply (M2) growth accelerated to 7.2%, the highest in almost a year. High loan growth and gov’t spending were behind the acceleration. (Bank Indonesia)
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