HIGHLIGHTS
- The yield on Indonesia’s 10-year government bonds rose to 6.799% on April 27, 2026, from 6.781% in the previous session. Meanwhile, the UST 10-year yield rose by 4 bps to 4.35% yesterday.
- Trading activity in government bonds strengthened, with total volume reaching IDR65.02 trillion, significantly higher than IDR39.69 trillion recorded the day before and above the year-to-date average of IDR49.43 trillion. Transactions were primarily concentrated in short-term tenors (<5 years). Outright transactions also increased to IDR24.52 trillion, compared to IDR20.80 trillion in the prior session.
- In the corporate bond market, total trading volume stood at IDR5,812 billion, up from IDR5,555 billion in the previous session and exceeding the year-to-date average of IDR3,313 billion. Similar to government bonds, trading was dominated by short-term instruments (<5 years). Outright transactions rose to IDR5,807 billion, compared to IDR4,976 billion previously.
- On the currency front, the Indonesian Rupiah appreciated slightly by 0.06% to IDR17,195 per USD, from IDR17,205. Meanwhile, the Jakarta Composite Index (JCI) declined by 0.32%, closing at 7,107 from 7,129. n the commodities market, Brent crude oil prices increased to USD108.19 per barrel from USD105.33, while WTI Cushing crude oil rose to USD96.64 per barrel from USD94.40.
DOMESTIC UPDATES
- The Government of the Republic of Indonesia will conduct an auction of Government Bonds (Surat Utang Negara/SUN) on Tuesday, 28 April 2026, as part of its efforts to meet the 2026 State Budget (APBN) financing target. The series to be offered in this auction include SPN01260530 (New Issuance), SPN12260730 (Reopening), SPN12270429 (New Issuance), as well as FR0109, FR0108, FR0106, FR0107, FR0102, and FR0105 (all Reopening). The Government has set an indicative issuance target of IDR36 trillion for this auction. BRI Danareksa Sekuritas estimates that total incoming bids in the upcoming auction could reach IDR70–80 trillion, with an expected bid-to-cover ratio of 1.94x–2.22x. (MoF, BRIDS Estimate)
- Foreign direct investment (FDI) into Indonesia (excluding financial services and oil & gas) rose 8.5% YoY to IDR 250tn in Q1 2026, extending growth from the previous quarter despite ongoing global uncertainty linked to Middle East tensions. Inflows were led by base metals (USD 3.7bn), followed by services and mining. Singapore, Hong Kong, and China remained the main investors. The data reinforce a broader trend of FDI shifting toward downstream mining and refining, supported by Indonesia’s mineral export restrictions in recent years. (BKPM)
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