HIGHLIGHTS
- The yield on 10-year Indonesian Government Bonds (INDOGB) edged up to 6.595% on 13 April 2026, from 6.569% in the prior session. Meanwhile, the UST 10-year yield fell by 1 bps to 4.30% yesterday.
- Total government bond trading volume declined to IDR 38.87 trillion, dominated by short-tenor instruments (below 5 years), falling from IDR 45.85 trillion in the previous session and remaining below the year-to-date average of IDR 49.43 trillion. Outright transactions, however, recovered to IDR 18.60 trillion from IDR 13.28 trillion in the preceding day.
- In the corporate bond market, total trading volume rose to IDR 5,027 billion, also dominated by short-tenor instruments from IDR 4,419 billion in the prior session, remaining above the year-to-date average of IDR 3,313 billion. Outright transactions in the corporate bond segment similarly advanced to IDR 5,022 billion from IDR 4,353 billion in the previous session.
- On the currency and equity front, the Rupiah marginally weakened 0.03% against the US Dollar to IDR 17,103 from IDR 17,098, while the Jakarta Composite Index (JCI) extended its gains by 0.56% to 7,500 from 7,458. In the commodity market, Brent crude oil surged to USD 102.93 per barrel from USD 95.20, while WTI Cushing crude oil spot price similarly jumped to USD 104.60 per barrel from USD 96.57.
DOMESTIC UPDATES
- The Government of the Republic of Indonesia is scheduled to conduct a Government Securities (Surat Utang Negara/SUN) auction on Tuesday, April 14, 2026, as part of its ongoing effort to partially fulfill the 2026 State Budget (APBN) financing target. The series to be offered comprise: SPN01260516 (New Issuance), SPN03260715 (New Issuance), SPN12270401 (Reopening), FR0109 (Reopening), FR0108 (Reopening), FR0106 (Reopening), FR0107 (Reopening), FR0102 (Reopening), and FR0105 (Reopening), with an indicative issuance target of Rp36 trillion. BRI Danareksa Sekuritas estimates that total incoming bids in the upcoming auction could reach IDR50–60 trillion, with an expected bid-to-cover ratio of 1.39x–1.67x. (MoF, BRIDS Estimate)
- Indonesia’s retail sales rose 6.5% YoY in February 2026, accelerating from 5.7% in January and pointing to sustained household consumption. Growth was driven by motor vehicle parts and accessories (+11.3% YoY), food, beverages and tobacco (+4.0%), and cultural and recreational goods (+1.7%). On a monthly basis, sales rebounded 4.1% from a 2.7% contraction previously, supported by pre-Ramadhan demand. Retail activity is expected to increase 9.3% MoM during Ramadhan, led by information and communication equipment, automotive fuels, and clothing. (Bank Indonesia)
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