Daily Commentary (15-Oct): INDOGB benchmark series’ prices continued falling, sending bond yields higher on Monday. The 5yr FR63 was trading at 89.3 (-0.2%), yielding 8.48% (+6 bps); the 10yr FR64 at 82.8 (-0.7%), yielding 8.91% (+10.3 bps); the 15yr FR65 at 81 (-0.9%), yielding 8.99% (+10.8 bps); and the 20yr FR75 at 84.8 (-0.7%), yielding ..
The Government will hold another sukuk auction today targeting Rp4tn–the same amount with previous sukuk auction, but still lower than the average target per auction ytd of Rp6tn. As scheduled, the Government will offer 6-mo SPN-S, 9-mo SPN-S, 2.6-yr PBS014, 5-yr PBS019, 7-yr PBS017, and 13.1-yr PBS012. We still expect bids to remain higher than ..
Highlights: Danareksa government bonds yield index was up 6.29bps from 8.638% to 8.701% An exchange rate level of 15,000 to a dollar will give an additional of 6.3t rupiah to energy subsidy next year, Finance Minster Sri Mulyani Indrawati says in a parliamentary hearing. Weaker rupiah will help income tax from oil and gas sector ..
Daily Commentary (12-Oct): INDOGB has continued losses on Friday with the 10yr government bond yield up 5 bps to 8.76% (+64.2 bps mtd or +243.8 bps ytd). Based on PLTE data, trading volume in the secondary market was at Rp15.3tn with reported foreign net inflows of Rp665bn. Specific for benchmark series, foreign also posted net ..
Danareksa Debt Research Daily Reports Monday, October 15, 2018 Highlights: Danareksa government bonds yield index rose 9.79bps from 8.540% to 8.638% Foreign investors piled into South African government bonds ahead of a scheduled review of the country’s debt ratings by Moody’s Investors Service on Friday. Non residents were net buyers of 4.3 billion rand ($269 ..
Highlights: Danareksa government bonds yield index advanced 10.94bps from 8.420% to 8.529% Singapore’s central bank tightened monetary policy for a second time this year, encouraged by steady economic growth despite worsening U.S.-China trade tensions. The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool, raised the slope of its currency ..
Pemerintah akan melakukan lelang Surat Berharga Syariah Negara (SBSN) atau Sukuk Negara pada hari Selasa, tanggal 16 Oktober 2018. Seri SBSN yang akan dilelang adalah seri SPN-S (Surat Perbendaharaan Negara – Syariah) dan PBS (Project Based Sukuk) untuk memenuhi sebagian dari target pembiayaan dalam APBN 2018. Berikut pokok-pokok terms & conditions SBSN yang akan dilelang: Terms & ConditionsSeri Surat ..
Foreign is continuing to chase bonds in the secondary market after Tuesday’s auction. According to PLTE data, foreign reported net buy of Rp1.1tn – two days straight of net buys by foreign investors (will be reported in the bond flows data by DMO on Thursday and Friday). Foreign’s net buy was mostly on benchmark series, ..
Danareksa Debt Research Daily Reports Thursday, October 11, 2018 Highlights: Danareksa government bonds yield index dropped 0.68bps from 8.461% to 8.454% China’s Ministry of Finance has set an initial price guidance for a $3 billion dollar bond offering, its first such sale in about a year. The price guidance on the five and 10-year sovereign ..
As expected, demand in the latest auction on Tuesday remained solid, 4.1times of the Government’s initial target. The candidate benchmark series for next year, i.e. 5yr FR78 and 10yr FR78, still attracted high demand, totaling Rp10.8tn and Rp6.2tn, respectively. Foreign bids also increased to Rp9.7tn from Rp8tn in the previous auction, making foreign bids to ..