HIGHLIGHTS
- Yield of 10-year Indonesia Government Bonds is 7.048% on April 10, 2025, vs 7.135% the day before. Meanwhile, UST 10yr yield rose by 6bs to 4.40% yesterday.
- Government bonds volume was IDR33.95 trillion, and it was dominated by medium term (5-15 years). It was declined than the previous day transaction of IDR43.35 trillion. The volume lower than its YTD average of IDR49.16 trillion. While the outright transaction reached IDR17.70 trilion dropped from the previous day's transaction which amount to IDR23.87 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR4,930 billion, dominated by short term (< 5 years). The transaction volume dropped compared to the previous day's volume of IDR6,013 billion. The volume higher compared to this year's average of IDR2,709 billion. Meanwhile, outright transaction recorded at IDR4,853 billion fell from the previous day's transaction of IDR6,013 billion.
- The Rupiah exchange rate against the US Dollar strengthened by 0.39% to IDR16,800 from IDR16,865 while the JCI advanced 4.79% from 5,968 to 6,254. Then Brent fell from 66.15 to 62.60 USD per barrel, while WTI Cushing Crude Oil Spot price increased from 59.58 to 62.35 USD per barrel.
GLOBAL UPDATES
- As the rest of the world received a 90-day respite, Trump escalated tariffs on China, saying the US will now charge an extra 145% on all Chinese goods that arrive in the US. In response, Beijing moved to exact pain on a strategic US industry by limiting the export of American movies, after already hiking its own tariffs on the US to 84%. (CNN)
- The annual inflation rate in the US eased for a second consecutive month to 2.4% YoY in March 2025, the lowest since September, down from 2.8%. Meanwhile, core inflation eased to 2.8% YoY in March 2025, down from 3.1% in February and below the market expectation of 3%. (Trading Economics)
DOMESTIC UPDATES
- Planned U.S. tariffs could cut Indonesia’s potential growth by 0.3–0.5 percentage points, but Finance Minister Sri Mulyani Indrawati said the 90-day pause offers a window to negotiate solutions and mitigate the economic risks. (Reuters)
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