HIGHLIGHTS
- Yield of 10-year Indonesia Government Bonds is 7.149% on March 26, 2025, vs 7.216% the day before. Meanwhile, UST 10yr yield went up 4bps to 4.35% yesterday.
- Government bonds volume was IDR67.92 trillion, and it was dominated by short term (< 5 years). It was advanced than the previous day transaction of IDR48.88 trillion. The volume higher than its YTD average of IDR48.92 trillion. While the outright transaction reached IDR19.08 trilion declined from the previous day's transaction which amount to IDR26.14 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR6,407 billion, dominated by short term (< 5 years). The transaction volume was up compared to the previous day's volume of IDR5,457 billion. The volume higher compared to this year's average of IDR2,498 billion. Meanwhile, outright transaction recorded at IDR6,367 billion was up from the previous day's transaction of IDR5,442 billion.
- The Rupiah exchange rate against the US Dollar strengthened by 0.09% to IDR16,580 from IDR16,595 while the JCI advanced 3.80% from 6,236 to 6,472. Then Brent fell from 73.71 to 73.53 USD per barrel, while WTI Cushing Crude Oil Spot price fell from 69.51 to 69.46 USD per barrel.
GLOBAL UPDATES
- The annual inflation rate in the UK fell to 2.8% in February 2025 from 3% in January, below market expectations of 2.9%, though in line with the Bank of England's forecast. (Trading Economics)
- Donald Trump signed an order for a 25% tariff on auto imports starting April 2, projected to generate $100 billion in annual revenue, with no plans for exemptions. However, he suggested a possible reduction in tariffs on China to secure a US sale of TikTok. (Bloomberg)
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