October 29, 2024 02:35 GMT
IDR: USD/IDR – Rupiah Weaker as Local Yields Trend Higher.
IDR
- USD/IDR is up at 15,740 in Jakarta morning; versus yesterday's close of 15,725.
- Recent periods of weakness has seen the Rupiah breach the 200-day EMA of 15,716 for the first time since mid-August.
- USD/IDR one-month implied volatility is up this morning to 9.09%, versus 9.085% yesterday’s close.
- Indonesia's 10-year bond yield is at 6.847%.
- We also continue to see a steady outflow from offshore investors in terms of local equities, with $573.5mn in outflows so far in October.
- Indonesia 5 yr USD CDS at 67bps (yesterday close 67bp, 5-year low 58bps in 2020).
Headlines
- Indonesian Rupiah Faces More Weakness Amid Equity Outflows (source: BBG)
- Prabowo asks for new capital to be completed in four years (source: Indonesia Business Post)
Data Releases 01 November, 2024
- S&P Global Indonesia PMI Manufacturing
- CPI NSA MoM
- CPI Core YoY
- CPI YoY
Government Bond Auction
- Bank Indonesia to Sell 181D SVBI Bills.
- Bank Indonesia to Sell 32D SVBI Bills.
- Bank Indonesia to Sell 92D SVBI Bills.
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