HIGHLIGHT
- Yield of 10-year Indonesia Government Bonds is 6.862% on March 05, 2025, vs 6.869% the day before. Meanwhile, UST 10yr yield rose 6bps to 4.28% yesterday. Meanwhile, the UST 10-year yield rose to 4.28%, from 4.22 the previous day.
- Government bonds volume was IDR51.90 trillion, and it was dominated by medium term (5-15 years). It was fell than the previous day transaction of IDR66.72 trillion. The volume higher than its YTD average of IDR49.35 trillion. While the outright transaction reached IDR29.73 trilion declined from the previous day's transaction which amount to IDR50.77 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR4,641 billion, dominated by short term (< 5 years). The transaction volume was up compared to the previous day's volume of IDR1,787 billion. The volume higher compared to this year's average of IDR2,155 billion. Meanwhile, outright transaction recorded at IDR4,607 billion increased from the previous day's transaction of IDR1,787 billion.
- The Rupiah exchange rate against the US Dollar strengthened by 0.80% to IDR16,313 from IDR16,445 while the JCI advanced 2.37% from 6,380 to 6,531. Then Brent fell from 73.83 to 71.75 USD per barrel, while WTI Cushing Crude Oil Spot price fell from 68.37 to 68.26 USD per barrel.
GLOBAL UPDATES
- US ISM Services PMI unexpectedly increased to 53.5 in February 2025 from 52.8 in January, beating forecasts of 52.6. (Trading Economics)
- President Donald Trump has granted an exemption on auto tariffs on Mexico and Canada for one month, White House Press Secretary Karoline Leavitt confirmed Wednesday. (CNN)
- China has set an ambitious target of “around 5%” growth for 2025, in a defiant show of confidence as it braces for the fallout from escalating American tariffs on its export-driven economy. The target “underscores our resolve to meet difficulties head-on and strive hard to deliver,” Premier Li Qiang, China’s No. 2 official, said on Wednesday. (CNN)
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