HIGHLIGHTS
- The yield on 10-year Indonesian Government Bonds stood at 7.427% on October 23, 2026, up from 7.413% in the previous trading session.
- Government bond trading volume increased to IDR32.89 trillion from IDR30.70 trillion in the previous session, with transactions dominated by short-term bonds (less than 5 years). However, trading volume remained below the year-to-date (YTD) average of IDR49.43 trillion. Meanwhile, outright transactions rose to IDR17.02 trillion from IDR16.49 trillion recorded in the previous session.
- Corporate bond trading volume declined to IDR11,665 billion from IDR12,135 billion in the previous session, with transactions also dominated by short-term bonds (less than 5 years). Despite the decline, trading volume remained significantly above the YTD average of IDR3,313 billion. Similarly, outright transactions decreased to IDR11,665 billion from IDR12,132 billion in the previous session.
- In the foreign exchange and equity markets, the Rupiah weakened by 0.04% against the US Dollar to IDR18,057 per USD from IDR18,050, while the Jakarta Composite Index (JCI) advanced by 0.95% to 5,439 from 5,388. Meanwhile, global oil prices continued to strengthen. Brent crude prices rose to USD114.38 per barrel from USD113.17 per barrel, while WTI Cushing crude oil spot prices increased to USD101.03 per barrel from USD99.47 per barrel.
GLOBAL UPDATES
- Japan’s annual inflation accelerated to 2.1% YoY in September 2026 from 1.9% in August, reaching its highest level since December 2025. The increase was driven by faster price growth in household goods, recreation, transport, and gas. Conversely, food inflation eased to 2.8%, its lowest since February 2022, while electricity prices continued to decline amid government subsidies. Core inflation, excluding fresh food, rose to 2.1%, exceeding the Bank of Japan’s 2% target for the first time in nine months. On a monthly basis, consumer prices were unchanged following August’s 0.1% increase. (Reuters)
DOMESTIC UPDATES
- Indonesia’s broad money supply (M2) grew 8.3% YoY to a record IDR10,587.9 trillion in September 2026, accelerating slightly from 8.2% in August. Growth was supported by a 9.0% expansion in narrow money (M1) and faster quasi-money growth of 7.3%. Net claims on the central government rebounded 24.4% after contracting 7.0% in August, while net foreign assets returned to 1.0% growth. However, credit growth moderated to 12.7% from 13.3% previously, indicating a slight easing in lending momentum despite continued monetary expansion. (Bank Indonesia)
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