IndoGB Yield Drag by Rupiah Depreciation and BoJ’s Decision

By administrator | April 29, 2016 | Economy.

This week domestic bond market was under pressure reflected by Indonesia Composite Bond Index (ICBI) were drop -0.61% wow, led by a decline in the govvies performance by -0.68% wow. However, throughout the year ICBI’s performance still recorded positive performance by +10.02% ytd. The yield curve in the bearish form, rising yield dominate along the tenor with average yield increased +9.9bps wow. IndoGB 5-10 years tenor are the highest yield surge in range +14bps to +19bps of changes.

IndoGB Rebounds with 10y Headed Back to 8%

15y IndoGb Moved Flat Before the Reopening

The 10y IndoGB and UST Yield Spread Shrunk on Decent Foreign Inflow

Artist Fans Base, Dyandra Promosindo Strategies Dealing with Rupiah Depreciation

Primary Market Remains Lighter This Week Amid Bearish Market

SR008 keep recorded as the most active series this week with a total frequency of 747 times and the volume reached IDR4.04trn. Meanwhile, the largest volume recorded by FR0056 which reached IDR12.7trn. FR0056 trading volume was increased by 34.1% wow driven by higher demand that is not absorbed at this week auction. The government has awarded IDR 13.4trn worth of govvies paper from IDR12trn of its indicative target at an auction this week. Until this week the government has raised IDR43.37trn of fund from 2Q2016 auction or 40.92% of total current quarter target.

Selling Abates on Indonesia SR008

Indonesia SR008 Edged Down as Investors Take Profit

The Reopening PBS009 amid the end of SR008 Holding Period

Quiet Weekly Flows amidst Lackluster Market Sentiment

Banks and Multifinance Bonds Led Indonesia Weekly Secondary Flows

Lack of sentiment earlier this week made a less active transaction, only driven by trading factor. On the weekend some negative sentiment overshadow the market, namely the US GDP growth data release that only recorded 0.5% annual rate below economist expectation and the slowest pace since the first quarter of 2014. In addition, rupiah depreciation to a level of IDR13,200/USD as well as BoJ’s decision not to further ease monetary policy drag a negative impact to domestic bond market this week.

Bank Indonesia Currency Cooperation with Singapore

Italy Crisis affecting the Emerging Market Countries Exchange Rates

The Movement of the Rupiah This Week

Quiet Weekly Flows amidst Lackluster Market Sentiment

Summarecon’s Marketing Sales IDR2Trn


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