October 01, 2024 05:32 GMT
INDONESIA: Bond Wrap.
INDONESIA
- The government is seeking a “good opportunity” in 4Q to issue dollar bonds for the 2025 budget prefunding amid declining interest rates (source: Investor Daily).
- The BI will permanently discontinue the publication of JIBOR for all tenors and will use a transaction-based rupiah interest rate reference Indonesia Overnight Index Average, or INDONIA (source: Bank Indonesia).
- S&P Global Indonesia PMI Manufacturing September 49.2 versus 48.9 prior.
- Bond yields 1-3bps higher across the curve today.
2yr 6.328% (+0.5bp) 5yr 6.214% (+3bp) 10yr 6.457% (+0.5bp) 30yr 6.864% (+0.5bp)
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