HIGHLIGHTS
- Yield of 10-year Indonesia Government Bonds is 7.110% on September 10, 2026, vs 7.099% the day before. Meanwhile, UST 10yr yield moved up 12bps to 4.95% yesterday.
- Government bonds volume was IDR51.41 trillion, and it was dominated by short term (< 5 years). It was declined than the previous day transaction of IDR54.58 trillion. The volume higher than its YTD average of IDR49.43 trillion. While the outright transaction reached IDR25.58 trilion was up from the previous day's transaction which amount to IDR21.81 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR8,623 billion, dominated by short term (< 5 years). The transaction volume advanced compared to the previous day's volume of IDR6,873 billion. The volume higher compared to this year's average of IDR3,313 billion. Meanwhile, outright transaction recorded at IDR8,490 billion advanced from the previous day's transaction of IDR6,871 billion.
- The Rupiah exchange rate against the US Dollar weakened by 0.15% to IDR17,539 from IDR17,513 while the JCI declined -1.33% from 6,678 to 6,589. Then Brent advanced from 101.21 to 102.08 USD per barrel, while WTI Cushing Crude Oil Spot price advanced from 96.05 to 97.23 USD per barrel.
GLOBAL UPDATES
- The ECB raised its key interest rates by 25bps in September, with the deposit rate increasing to 2.5%, marking its second hike since the US-Iran war began. The move came as eurozone inflation rose to 3.3% YoY in August, driven by a 14.3% surge in energy prices, keeping inflation above the ECB’s 2% target. The ECB maintained its 2026 inflation forecast at 3.0% but raised 2027–28 forecasts to 2.5% and 2.1%. Growth forecasts were upgraded to 0.9% in 2026 and 1.4% in 2027. ECB President Lagarde highlighted upside inflation and downside growth risks, with policy remaining meeting-by-meeting. (CNBC)
DOMESTIC UPDATES
- Indonesia’s retail sales grew 1.1% YoY in July 2026, ending three consecutive months of contraction, supported by stronger food, beverages and tobacco (+2.4%) and clothing (+2.8%) sales. However, automotive parts growth slowed to 5.1%, while fuel (-7.7%), information & communication equipment (-20.6%), and recreational goods (-6.7%) remained weak. On a monthly basis, retail sales declined 0.1% after rising 0.7% in June, reflecting post-holiday demand normalization. For August, BI expects growth to moderate to 0.5% YoY, with monthly sales declining 0.1%. (Bank Indonesia)
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