HIGHLIGHTS
- The yield on the 10-year Indonesia Government Bond (INDOGB) rose to 6.608% on 22 April 2026, compared with 6.595% in the previous session. Meanwhile, the UST 10-year yield held steady at 4.30% yesterday.
- Government bond trading volume totaled IDR 34.87 trillion, dominated by short-term tenors (<5 years). This represented an increase from the previous day’s transaction value of IDR 31.57 trillion, although it remained below the year-to-date average of IDR 49.43 trillion. Outright transactions reached IDR 15.74 trillion, declining from IDR 19.80 trillion recorded a day earlier.
- Meanwhile, total corporate bond trading volume stood at IDR3,357 billion, largely concentrated in short-term tenors (<5 years). This marked a decline from the previous day’s volume of IDR6,959 billion. although it remained slightly above the year-to-date average of IDR3,313 billion. Outright transactions amounted to IDR3,354 billion, down from IDR6,958 billion in the prior session.
- The rupiah weakened by 0.18% against the US dollar to IDR 17,175 from IDR 17,144, while the Jakarta Composite Index (JCI) declined 0.24% to 7,542 from 7,559. In the commodities market, Brent crude increased to USD 99.96 per barrel from USD 98.48, while WTI Cushing crude oil spot prices declined to USD 91.00 per barrel from USD 92.13.
DOMESTIC UPDATES
- Bank Indonesia held its benchmark rate at 4.75% for the seventh straight month, focusing on rupiah stability and growth amid global risks. The rupiah weakened on capital outflows linked to Middle East tensions, prompting stronger FX intervention through higher SRBI yields and relaxed NDF rules to attract inflows. Inflation eased to 3.48% in March within target, while growth outlook was maintained at 4.9%–5.7%. BI also signaled suportive liquidity measures, targeting double-digit base money growth and continuing bond purchases to support domestic liquidity. (Bank Indonesia)
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