HIGHLIGHT
- The yield on Indonesia’s 10-year government bonds stood at 6.893% on February 27, 2025, slightly higher than the previous day’s 6.857%. Meanwhile, the UST 10-yr yield rose to 4.29%, from 4.25% the previous day.
- The total government bond trading volume reached IDR46.73 trillion, primarily driven by medium-term tenors (5–15 years). This marks a decline from the previous day's transaction volume of IDR68.56 trillion and falls below the year-to-date (YTD) average of IDR48.80 trillion. Meanwhile, outright transactions amounted to IDR31.18 trillion, down from IDR42.71 trillion recorded on the prior trading day.
- Corporate bond trading volume totaled IDR2,532 billion, with short-term tenors (<5 years) dominating the market. This represents an increase from the previous day’s transaction volume of IDR1,397 billion and exceeds the YTD average of IDR2,103 billion. Outright transactions also rose to IDR2,532 billion from IDR1,397 billion the day before.
- The Indonesian Rupiah depreciated by 0.49% against the US Dollar, weakening to IDR16,450 from IDR16,370. Meanwhile, the Jakarta Composite Index (JCI) declined by 1.83%, closing at 6,485 from the previous level of 6,606. In the commodities market, Brent crude oil edged down from USD 72.89 to USD 72.84 per barrel, while WTI Cushing Crude Oil Spot prices fell from USD 69.26 to USD 68.62 per barrel.
GLOBAL UPDATES
- President Donald Trump confirmed that 25% tariffs on Canada and Mexico will take effect on March 4 and announced an additional 10% tax on Chinese imports. The new tariffs on China follow a previous 10% duty imposed earlier this month when tariffs on Canada and Mexico were delayed. The 25% tariffs apply to all Canadian and Mexican imports, except for Canadian energy products, which will be taxed at 10%. (Bloomberg)
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