HIGHLIGHT
- Yield of 10-year Indonesia Government Bonds is 6.870% on March 07, 2025, vs 6.873% the day before. Meanwhile, the UST 10-year yield rose 4.32%, from 4.29% the previous day.
- Government bonds volume was IDR36.70 trillion, and it was dominated by medium term (5-15 years). It was fell than the previous day transaction of IDR38.17 trillion. The volume lower than its YTD average of IDR48.81 trillion. While the outright transaction reached IDR22.90 trilion declined from the previous day's transaction which amount to IDR23.39 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR1,814 billion, dominated by short term (< 5 years). The transaction volume advanced compared to the previous day's volume of IDR1,599 billion. The volume lower compared to this year's average of IDR2,135 billion. Meanwhile, outright transaction recorded at IDR1,814 billion was up from the previous day's transaction of IDR1,599 billion.
- The Rupiah exchange rate against the US Dollar strengthened by 0.21% to IDR16,295 from IDR16,330 while the JCI advanced 0.27% from 6,618 to 6,636. Then Brent increased from 69.82 to 70.29 USD per barrel, while WTI Cushing Crude Oil Spot price increased from 66.31 to 66.36 USD per barrel.
GLOBAL UPDATES
- US NFP rose by 151,000 in Feb-25 after a downward revision to the previous month. The unemployment rate edged up to 4.1%, fueling concerns about an economic slowdown. However, Fed Chair Jerome Powell stated that the central bank will not rush to cut interest rates and expressed concerns over President Donald Trump's policies. He emphasized a cautious approach to monetary policy easing, noting that the economy "continues to be in a good place." (Reuters)
- China CPI dropped 0.7% y-y in Feb-25, reversing January's 0.5% rise and marking the first decline since Jan-24. Core CPI, which excludes food and fuel prices, decreased 0.1% y-y, the first decline since Jan-21. NBS statistician Dong Lijuan stated on Sunday that last February’s high base contributed to the decline: "Excluding the impact of different Lunar New Year months, CPI increased by 0.1% y-y in February." (Reuters).
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