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INDON Sov Curve Flatter, FDI Growth Slows in 1Q

INDONESIA
Data BulletEM BulletDataHomepagemarkets-real-timeBulletEmerging Market News

The Indonesian sov curve has bull-flatter today with yields 2bps higher to 4bps lower. Foreign direct investment (FDI) in Indonesia grew slower in the last quarter, Investment Minister Bahlil Lahadalia says in briefing Monday.

  • The INDON sov curve is flatter today, the 2Y yield is 1.5bp higher at 5.345%, 5Y yield is 2bps lower at 5.385%, the 10Y yield is 43bps lower at 5.47%, while the 5-year CDS is down 2.5bps at 76bps.
  • The INDON to UST spread diff was little changed during the US session on Friday, the 2Y is now 35bps (unchanged), 5yr is 69.5bps (+2bps), while the 10yr is 80.5bps (unchanged)
  • In cross-asset moves, the USD/IDR is up 0.23% at 16,248, the JCI is 0.87% higher, Palm Oil 0.38% higher, while US Tsys have been closed with Japan out.
  • Foreign Investors ended their selling of Indonesian debt on Thursday with an inflow of $58m, over the past 20 trading days there have only been 4-days of inflows for a net outflow of $1.1b, with the 5-day average is now -$132m, vs the 20-day average at -$66m, while the 100 & 200-day averages are about -$8m.
  • Foreign direct investment (FDI) in Indonesia grew slower in the last quarter due to investors adopting a "wait and see" approach amid the election period and global uncertainties. In the first quarter, FDI increased by 15.5% year-on-year to 204.2 trillion rupiah, compared to a growth rate of 20.2% a year ago.
  • Looking forward, S&P Global Indonesia PMI Mfg and CPI on Thursday
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The Indonesian sov curve has bull-flatter today with yields 2bps higher to 4bps lower. Foreign direct investment (FDI) in Indonesia grew slower in the last quarter, Investment Minister Bahlil Lahadalia says in briefing Monday.

  • The INDON sov curve is flatter today, the 2Y yield is 1.5bp higher at 5.345%, 5Y yield is 2bps lower at 5.385%, the 10Y yield is 43bps lower at 5.47%, while the 5-year CDS is down 2.5bps at 76bps.
  • The INDON to UST spread diff was little changed during the US session on Friday, the 2Y is now 35bps (unchanged), 5yr is 69.5bps (+2bps), while the 10yr is 80.5bps (unchanged)
  • In cross-asset moves, the USD/IDR is up 0.23% at 16,248, the JCI is 0.87% higher, Palm Oil 0.38% higher, while US Tsys have been closed with Japan out.
  • Foreign Investors ended their selling of Indonesian debt on Thursday with an inflow of $58m, over the past 20 trading days there have only been 4-days of inflows for a net outflow of $1.1b, with the 5-day average is now -$132m, vs the 20-day average at -$66m, while the 100 & 200-day averages are about -$8m.
  • Foreign direct investment (FDI) in Indonesia grew slower in the last quarter due to investors adopting a "wait and see" approach amid the election period and global uncertainties. In the first quarter, FDI increased by 15.5% year-on-year to 204.2 trillion rupiah, compared to a growth rate of 20.2% a year ago.
  • Looking forward, S&P Global Indonesia PMI Mfg and CPI on Thursday