September 20, 2024 02:33 GMT
IDR: USD/IDR : Rupiah Higher as Bonds Yields Decline.
IDR
- USD/IDR is down at 15,090 in Jakarta morning; versus yesterday's close of 15,238.
- USD/IDR has continued the recent trend finishing lower for the week following last week’s close of 15,400.
- Bloomberg Asia dollar spot index is up 0.16% at the open and the Bloomberg Dollar spot index flat.
- USD/IDR one-month implied volatility is up this morning to 7.3525%, versus 7.2350% yesterday’s close.
- Indonesia's 10-year bond yield is rallying strongly 9bp lower in yield at 6.46%.
- Indonesia 5 yr USD CDS up at 68bps (yesterday close 65bp, 5-year low 58bp in 2020).
Headlines
- Analysts said Indonesia’s central bank may cut borrowing costs again as soon as its October policy meeting, especially if the currency strengthens further (source: BBG).
- Indonesia achieves highest exports since December 2022, maintains trade surplus (source: Jakarta Post).
Data Releases
- None.
Government Bond Auction
- None.
Keep reading...Show less
126 words