HIGHLIGHTS
- The yield on the 10-year Indonesian Government Bond (SUN) edged up by 1.8 bps to 6.727%, compared to 6.709% recorded in the prior session. Meanwhile, the 10-year UST yield rose by 2 bps to 4.47% as of June 1, 2026.
- Total government bond trading volume surged to IDR83.92 trillion, up from IDR66.30 trillion on the previous day, and significantly above the year-to-date average of IDR49.43 trillion. Transaction activity was dominated by short-tenor instruments (below 5 years). However, outright transactions moderated to IDR27.03 trillion, declining from IDR47.80 trillion in the prior session.
- Corporate bond trading volume rose to IDR8,606 billion, compared to IDR8,506 billion the day prior, and well above the YTD average of IDR3,313 billion. Short-tenor bonds (below 5 years) continued to dominate activity. Outright transactions similarly advanced to IDR8,606 billion, from IDR8,499 billion previously.
- The Indonesian Rupiah depreciated 0.48% against the US Dollar, closing at IDR17,874, from IDR17,789 in the prior session. The Jakarta Composite Index (JCI) closed marginally lower at 6,127, a decline of 0.05% from 6,130. On the commodity front, Brent crude fell sharply to USD92.11/bbl from USD99.58/bbl, while WTI Cushing Crude Oil spot price declined to USD87.32/bbl from USD93.89/bbl.
DOMESTIC UPDATES
- The Government of Indonesia will conduct an auction of Government Sharia Securities (SBSN) or Sovereign Sukuk on Tuesday, June 2, 2026. The series to be offered in this auction are SPNS13072026, SPNS23112026, SPNS01032027 (New Issuance), PBS030, PBS040, PBS034, PBS005, and PBS038 (Reopening). The Government has set an indicative target of IDR12 trillion for the auction. BRI Danareksa Sekuritas estimates that total incoming bids in the upcoming auction could reach IDR20–30 trillion, with an expected bid-to-cover ratio of 1.67x–2.50x. (MoF, BRIDS Estimate)
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