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INDON Sov Curve Steady, Consumer Confidence Rose To 11-Month High

INDONESIA
Data BulletEM BulletDataHomepagemarkets-real-timeBulletEmerging Market News

Indonesia has returned from a two-day break for Ascension day, the market has been relatively stable with the INDON curve bear-steepening, yields are relatively stable in the front to mid part of the curve with the 10y seeing the most weakness. Consumer Confidence rose to 11-month highs according to a BI report.

  • The front-end INDON curve is little changed today, further out the curve yields are 2-4bps higher, the 2Y yield is unchanged at 5.235%, 5Y yield is 1bp lower at 5.16%, the 10Y yield is 2.5bps lower at 5.26%, while the 5-year CDS is unchanged at 72bps.
  • The INDON to UST spread diff the 2Y is now 37.5bps (-5bp), 5yr is 65.5bps (-5bps), while the 10yr is 77bps (-2.5bp).
  • In cross-asset moves, USD/IDR is up 0.24% at 16,084, the JCI is unchanged, Palm Oil is 1.71% higher, while US tsys yield are flat to 1bps lower
  • In April, Indonesia's consumer confidence index reached its highest level since May last year, rising to 127.7 from 123.8 the previous month. The index for the current economic condition also saw an increase to 119.4 from 113.8, with consumers expressing greater confidence in current income, job availability, and durable goods purchases. Additionally, the consumer expectations index rose to 136 from 133.8, indicating increased optimism about business activity, income, and jobs.
  • Looking ahead; Trade Balance on Wednesday
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Indonesia has returned from a two-day break for Ascension day, the market has been relatively stable with the INDON curve bear-steepening, yields are relatively stable in the front to mid part of the curve with the 10y seeing the most weakness. Consumer Confidence rose to 11-month highs according to a BI report.

  • The front-end INDON curve is little changed today, further out the curve yields are 2-4bps higher, the 2Y yield is unchanged at 5.235%, 5Y yield is 1bp lower at 5.16%, the 10Y yield is 2.5bps lower at 5.26%, while the 5-year CDS is unchanged at 72bps.
  • The INDON to UST spread diff the 2Y is now 37.5bps (-5bp), 5yr is 65.5bps (-5bps), while the 10yr is 77bps (-2.5bp).
  • In cross-asset moves, USD/IDR is up 0.24% at 16,084, the JCI is unchanged, Palm Oil is 1.71% higher, while US tsys yield are flat to 1bps lower
  • In April, Indonesia's consumer confidence index reached its highest level since May last year, rising to 127.7 from 123.8 the previous month. The index for the current economic condition also saw an increase to 119.4 from 113.8, with consumers expressing greater confidence in current income, job availability, and durable goods purchases. Additionally, the consumer expectations index rose to 136 from 133.8, indicating increased optimism about business activity, income, and jobs.
  • Looking ahead; Trade Balance on Wednesday