HIGHLIGHT
- Yield of 10-year Indonesia Government Bonds is 6.869% on March 06, 2025, vs 6.861% the day before. Meanwhile, UST 10yr yield slightly up by 1bps to 4.29%, yesterday.
- Government bonds volume was IDR38.17 trillion, and it was dominated by medium term (5-15 years). It was fell than the previous day transaction of IDR51.90 trillion. The volume lower than its YTD average of IDR49.09 trillion. While the outright transaction reached IDR23.39 trilion dropped from the previous day's transaction which amount to IDR29.73 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR1,599 billion, dominated by short term (< 5 years). The transaction volume declined compared to the previous day's volume of IDR4,641 billion. The volume lower compared to this year's average of IDR2,143 billion. Meanwhile, outright transaction recorded at IDR1,599 billion declined from the previous day's transaction of IDR4,607 billion.
- The Rupiah exchange rate against the US Dollar weakened by 0.10% to IDR16,330 from IDR16,313 while the JCI was up 1.32% from 6,531 to 6,618. Then Brent fell from 71.75 to 69.82 USD per barrel, while WTI Cushing Crude Oil Spot price fell from 68.26 to 66.31 USD per barrel.
GLOBAL UPDATES
- The ECB lowered the three key interest rates by 25 basis points, as expected, reducing the deposit facility rate to 2.50%, the main refinancing rate to 2.65%, and the marginal lending rate to 2.90%. This decision reflects an updated assessment of the inflation outlook and monetary policy transmission. (Trading Economics)
- President Donald Trump on Thursday signed executive actions that delay until April 2, tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty. (CNN)
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