HIGHLIGHTS
- The yield on the 10-year Indonesia Government Bond (INDOGB) stood at 6.427% on 27 February 2026, slightly higher than 6.420% in the previous session. Meanwhile, the U.S. Treasury (UST) 10-year yield declined by 5 bps to 3.97%.
- Government bond trading volume totaled IDR 61.46 trillion, predominantly in short-term maturities (<5 years). This represented an increase from the prior day’s IDR 58.64 trillion and remained above the year-to-date (YTD) average of IDR 49.43 trillion. However, outright transactions fell to IDR 27.36 trillion from IDR 37.27 trillion in the previous session.
- In the corporate bond market, total trading volume reached IDR 4,777 billion, also dominated by short-term maturities (<5 years). This marked a decline from the previous day’s IDR 7,402 billion, although it was still above the YTD average of IDR 3,313 billion. Outright transactions slipped marginally to IDR 4,765 billion from IDR 7,400 billion previously.
- On the currency front, the rupiah depreciated by 0.10% to IDR 16,771 per USD from IDR 16,755. Meanwhile, the Jakarta Composite Index (JCI) was unchanged at 8,235. In commodities, Brent crude rose from USD 70.80 to USD 72.06 per barrel, while WTI Cushing crude increased from USD 65.32 to USD 65.47 per barrel.
GLOBAL UPDATES
- The US 10-year Treasury yield fell below 4% on Friday, reaching its lowest level in four months and ending February roughly 25 basis points lower, its strongest monthly gain in a year. Demand for safe-haven assets increased amid policy uncertainty under President Trump, rising Middle East tensions, and concerns over US economic resilience. Although producer prices exceeded expectations for a second straight month, markets continued to anticipate a Federal Reserve rate cut in July, alongside a rotation away from AI-driven equities. (Trading Economics)
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