HIGHLIGHTS
- On October 3, 2024, the yield on Indonesian 10-year government bonds increased to 6.536%, up from 6.504% the day before. At the same time, the yield on U.S. 10-year Treasury notes rose to 3.85%, compared to 3.79% the previous day.
- The volume of government bonds traded reached IDR 60.49 trillion, predominantly in the medium-term range (5-15 years), reflecting an increase from the previous day’s volume of IDR 53.78 trillion. This figure also exceeds the year-to-date average of IDR 45.97 trillion. The outright transaction volume was IDR 33.34 trillion, up from IDR 23.68 trillion the day before.
- In contrast, the total volume of corporate bonds traded was recorded at IDR 1,730 billion, primarily in the short-term category (less than 5 years). This represents a decline from the previous day’s volume of IDR 2,384 billion and is below this year's average of IDR 1,899 billion. The outright transaction volume was IDR 1,725 billion, down from IDR 2,384 billion the previous day.
- The Rupiah depreciated against the US Dollar, weakening by 1.02% to IDR 15,420 from IDR 15,265. Additionally, the Jakarta Composite Index (JCI) fell by 0.26%, from 7,563 to 7,544. Brent crude oil prices decreased from USD 75.36 to USD 74.78 per barrel, while WTI Cushing crude oil prices increased from USD 69.83 to USD 70.10 per barrel.
DOMESTIC UPDATES
- Indonesia's central bank entered in the foreign market on Thursday to balance supply and demand, an official said, after the currency fell around 0.8% against the U.S. dollar, its lowest level since Sept. 16. Edi Susianto, Bank Indonesia Monetary Management Department stated that the Rupiah had weakened due to concern on rising geopolitical tension in the Middle East and a change in market expectation on the future magnitude of the U.S. Federal Reserve's cut. (Kontan)
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