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Indon Sov Curve Steepens, Foreign Investors End Bond Selling Streak

INDONESIA
EM BulletDataHomepagemarkets-real-timeData BulletBulletEmerging Market News

Indonesian USD sovereign debt curve has bear steepened today, with front-end yields mostly unchanged, while longer ends yields drift 1-3bps higher. There has been very little in the way of market news or economic data today.

  • The INDON sov curve has steepened on Tuesday with the 2Y yield unchanged at 4.925%, 5Y yield is unchanged at 4.88%, the 10Y yield is +2bps at 4.995%, while the 5-year CDS is also -.75bp at 71.75bps
  • The INDON to UST spread is slightly wider with the front-end lagging moves tighter by US treasuries, the 2yr is 35bps (+2bps), 5yr is 66bps (-2bp), while the 10yr is 76bps (-0.5bps).
  • In cross-asset moves, the USD/IDR is unchanged, the JCI is 0.44% lower, Palm Oil is down 0.12%, while US Tsys yields are flat to 1.5bps lower
  • Foreign Investors bought bonds on Friday, marking just the 2nd day from the past 12 of net inflows. The 5-day average is now $18m, the 20-day average is -$39m while the longer term 200-day average has turned negative at -$2.37m
  • Bank Indonesia announces the suspension of various operations, including real-time gross settlement and electronic trading platforms, with a halt in clearing and monetary operations from April 8th -16th, during which key data such as Jakarta Interbank Offered Rate and Indonesia Overnight Index Average will not be published, leaving local banking activities to individual institution discretion.
  • Looking ahead: Indonesia has a very quiet rest of the month in terms of data, with the next major data release not until April 1st
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Indonesian USD sovereign debt curve has bear steepened today, with front-end yields mostly unchanged, while longer ends yields drift 1-3bps higher. There has been very little in the way of market news or economic data today.

  • The INDON sov curve has steepened on Tuesday with the 2Y yield unchanged at 4.925%, 5Y yield is unchanged at 4.88%, the 10Y yield is +2bps at 4.995%, while the 5-year CDS is also -.75bp at 71.75bps
  • The INDON to UST spread is slightly wider with the front-end lagging moves tighter by US treasuries, the 2yr is 35bps (+2bps), 5yr is 66bps (-2bp), while the 10yr is 76bps (-0.5bps).
  • In cross-asset moves, the USD/IDR is unchanged, the JCI is 0.44% lower, Palm Oil is down 0.12%, while US Tsys yields are flat to 1.5bps lower
  • Foreign Investors bought bonds on Friday, marking just the 2nd day from the past 12 of net inflows. The 5-day average is now $18m, the 20-day average is -$39m while the longer term 200-day average has turned negative at -$2.37m
  • Bank Indonesia announces the suspension of various operations, including real-time gross settlement and electronic trading platforms, with a halt in clearing and monetary operations from April 8th -16th, during which key data such as Jakarta Interbank Offered Rate and Indonesia Overnight Index Average will not be published, leaving local banking activities to individual institution discretion.
  • Looking ahead: Indonesia has a very quiet rest of the month in terms of data, with the next major data release not until April 1st