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INDONESIA: Bond Wrap

INDONESIA
  • Strong loan growth at Bank Mandiri, Bank Central Asia, Bank Rakyat, Bank Negara Indonesia and peers could continue through year-end after system-wide loans climbed by 11.7% in July vs. a year earlier, according to Bank Indonesia (source: Bloomberg).
  • Incoming President Prabowo to form Bigger, Investor-Friendly Cabinet: Source: BofA and Bloomberg)
  • With the US CPI data winding back expectations for the size of US rates cut, government bond yields moved higher across the curve in today.

2yr 6.549% (+1bp)     5yr 6.514% (+2bp)     10yr 6.598% (+1bp)     30yr 6.847% (+0.5bp)

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