RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI: Japan Dai-ichi Life To Up 30-Year JGBs Above 2%

MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

April PMIs: Price Pressures Amid Stronger But Uneven Growth

MNI: UK APR FLASH MANUFACTURING PMI 48.7 (FCST 50.4); MAR 50.3

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Indon Sov Debt Curve Steeper, BI To Hold Rates at 6% for Some Time

INDONESIA
EM BulletDataHomepagemarkets-real-timeData BulletBulletEmerging Market News

Indonesian USD Sovereign Debt curves are steeper on Tuesday with yields -2 to +2bps across the curve, while US Treasury Yields are unchanged. Indonesia's likely next president Prabowo Subianto said at a Forum that he is determined to maintain the government’s current trajectory of fiscal prudence and wise management.

  • The 2Y is -1.1bps lower at 4.88%, 10Y is +1.4bps higher at 5.02%, while 5yr CDS is up 0.5bp to 70bps
  • The spread difference between USD Indon & US Treasury yields has been closing in the front end as 2Y now 29bps from 38bps a month ago, while the 10Y is now 80.5bps moving 4bps wider over the past month
  • Cross market moves, the USD/IDR is 0.06% higher, the JCI is 0.12% lower, whilst US Tsys yields are unchanged
  • Bank Of Indonesia Governor Perry Warjiyo, says the bank will maintain it's policy rate at 6% "for some time" and could consider easing in 2h. BI remains watchful of rupiah amid global volatility, pledges to keep inflation within 1.5%-3.5% target, while headline inflation is seen at 2.8% in 2024, falling to 2.6% in 2025
178 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Indonesian USD Sovereign Debt curves are steeper on Tuesday with yields -2 to +2bps across the curve, while US Treasury Yields are unchanged. Indonesia's likely next president Prabowo Subianto said at a Forum that he is determined to maintain the government’s current trajectory of fiscal prudence and wise management.

  • The 2Y is -1.1bps lower at 4.88%, 10Y is +1.4bps higher at 5.02%, while 5yr CDS is up 0.5bp to 70bps
  • The spread difference between USD Indon & US Treasury yields has been closing in the front end as 2Y now 29bps from 38bps a month ago, while the 10Y is now 80.5bps moving 4bps wider over the past month
  • Cross market moves, the USD/IDR is 0.06% higher, the JCI is 0.12% lower, whilst US Tsys yields are unchanged
  • Bank Of Indonesia Governor Perry Warjiyo, says the bank will maintain it's policy rate at 6% "for some time" and could consider easing in 2h. BI remains watchful of rupiah amid global volatility, pledges to keep inflation within 1.5%-3.5% target, while headline inflation is seen at 2.8% in 2024, falling to 2.6% in 2025