HIGHLIGHTS
- The yield on the 10-year Indonesia Government Bond (INDOGB) rose to 6.779% on 24 April 2026, compared with 6.703% in the previous session. Meanwhile, the UST 10-year yield declined by 3 bps to 4.31% yesterday.
- Government bond trading volume totaled IDR 39.69 trillion, dominated by short-term tenors (<5 years). This represented an increase from the previous day’s transaction value of IDR 23.48 trillion, although it remained below the year-to-date average of IDR 49.43 trillion. Outright transactions reached IDR 20.80 trillion, rising from IDR 13.43 trillion recorded a day earlier.
- Meanwhile, total corporate bond trading volume stood at IDR 5.56 trillion, largely concentrated in short-term tenors (<5 years). This marked an increase from the previous day’s volume of IDR 3.94 trillion and remained above the year-to-date average of IDR 3.31 trillion. Outright transactions amounted to IDR 4.98 trillion, increasing from IDR 3.94 trillion in the prior session.
- The rupiah strengthened by 0.52% against the US dollar to IDR 17,205 from IDR 17,295, while the Jakarta Composite Index (JCI) declined 3.38% to 7,129 from 7,379. In the commodities market, Brent crude increased to USD 107.09 per barrel from USD 105.07, while WTI Cushing crude oil spot prices rose to USD 97.43 per barrel from USD 95.85.
GLOBAL UPDATES
- Japan’s core CPI excluding fresh food rose 1.8% y/y in March, while the index excluding both fresh food and energy climbed 2.4%, remaining above the Bank of Japan’s 2% target. The pickup signals mounting price pressures ahead of the full impact of higher oil costs and yen weakness on imports. Markets are increasingly pricing a possible June rate hike. Governor Kazuo Ueda warned of upside risks, as fuel subsidies from Sanae Takaichi aim to limit energy costs. (Bloomberg)
- Maritime traffic through the Strait of Hormuz has nearly halted as tensions between the US and Iran intensify. After stalled peace talks, US interceptions and blockades cut outbound commercial transits from over 40 vessels a day in late February to almost none by April 26. Washington also sanctioned Hengli Petrochemical for buying Iranian crude, leaving millions of barrels stranded. The disruption, tracked by Bloomberg, threatens global energy supply and regional trade security. (Bloomberg)
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