HIGHLIGHTS
- As of February 6, 2025, the yield on 10-year Indonesia Government Bonds stood at 6.903%, a slight decrease from the previous day's yield of 6.929%. Meanwhile, the UST 10yr yield rose to 4.45%, from 4.43% the previous day.
- The total volume of government bond transactions reached IDR 53.73 trillion, primarily dominated by medium-term bonds (5-15 years), showing an increase compared to the prior day's volume of IDR 47.66 trillion. This volume was higher than the year-to-date average of IDR 49.83 trillion. However, outright transactions amounted to IDR 26.67 trillion, reflecting a decline from the previous day's total of IDR 28.28 trillion.
- Corporate bond transactions totaled IDR 1,681 billion, with short-term bonds (less than 5 years) accounting for the majority. This marked a decrease from the previous day's volume of IDR 3,234 billion, and was also lower than the year-to-date average of IDR 1,946 billion. Outright transactions in corporate bonds remained at IDR 1,681 billion, down from the prior day's total of IDR 3,021 billion.
- The Indonesian Rupiah depreciated by 0.28% against the US Dollar, closing at IDR 16,330, compared to IDR 16,285 the day before. The Jakarta Composite Index (JCI) fell by 2.12%, from 7,024 to 6,876. Meanwhile, Brent Crude dropped from USD 76.43 to USD 74.75 per barrel, and the WTI Cushing Crude Oil Spot price decreased from USD 72.70 to USD 71.03 per barrel.
GLOBAL UPDATES
- Bank of England officials decided to cut interest rates to 4.5%, a 19-month low, with two supporting a bumper 50-basis-point cut, prompting markets to boost bets on further easing. (Bloomberg)
To see the full version of this daily update, please click here
