HIGHLIGHTS
- Yield of 10-year Indonesia Government Bonds is 6.638% on March 06, 2024, vs 6.651% the day before. Meanwhile, at the same time the 10-year UST yield fell to 4.11%, from 4.13% the day before.
- Government bonds volume was IDR43.34 trillion, and it was dominated by short term (< 5 years). It was increased than the previous day transaction of IDR35.26 trillion. The volume lower than its YTD average of IDR44.83 trillion. While the outright transaction reached IDR16.29 trilion dropped from the previous day's transaction which amount to IDR16.32 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR995.50 billion, dominated by short term (< 5 years). The transaction volume was up compared to the previous day's volume of IDR596.69 billion. The volume lower compared to this year's average of IDR1,982.85 billion. Meanwhile, outright transaction recorded at IDR995.50 billion advanced from the previous day's transaction of IDR596.69 billion.
- The Rupiah exchange rate against the US Dollar strengthened by 0.44% to IDR15,700 from IDR15,769 while the JCI advanced 1.14% from 7,247 to 7,330. Then Brent declined from 86.18 to 85.21 USD per barrel, while WTI Cushing Crude Oil Spot price declined from 78.74 to 78.15 USD per barrel.
GLOBAL UPDATES
- The Fed Chair Jerome Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up too quickly. Powell noted again that lowering rates too quickly risks losing the battle against inflation and likely having to raise rates further, while waiting too long poses danger to economic growth. (CNBC)
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