HIGHLIGHTS
- Yield of 10-year Indonesia Government Bonds is 7.097% on December 19, 2024, vs 7.054% the day before. Meanwhile, the UST 10-year yield rose to 4.57%, from 4.50% the previous day.
- Government bonds volume was IDR46.35 trillion, and it was dominated by medium term (5-15 years). It was was up than the previous day transaction of IDR34.82 trillion. The volume higher than its YTD average of IDR45.25 trillion. While the outright transaction reached IDR17.95 trilion increased from the previous day's transaction which amount to IDR10.53 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR1,746 billion, dominated by short term (< 5 years). The transaction volume fell compared to the previous day's volume of IDR1,794 billion. The volume lower compared to this year's average of IDR1,945 billion. Meanwhile, outright transaction recorded at IDR1,746 billion was up from the previous day's transaction of IDR1,675 billion.
- The Rupiah exchange rate against the US Dollar weakened by 1.24% to IDR16,290 from IDR16,090 while the JCI fell -1.84% from 7,108 to 6,977. Then Brent advanced from 73.53 to 74.81 USD per barrel, while WTI Cushing Crude Oil Spot price advanced from 70.08 to 70.58 USD per barrel.
GLOBAL UPDATES
- The Bank of England's Monetary Policy Committee voted 6-3 to hold interest rates at 4.75%, but signaled it will keep easing gradually in 2025 as a growing minority of officials set aside evidence of lingering inflation to back an immediate cut in borrowing costs. (Bloomberg)
DOMESTIC UPDATES
- Government will increase CPO export levy to 10% from 7.5% in an effort to implement the B40 Diesel profram in January 1st, 2025. (Kontan)
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