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INDONESIA: Bond Wrap: Central Bank Sees Room to Cut. 

INDONESIA
  • The central bank still sees room for more rate cuts, the near-term focus will be on maintaining rupiah stability, Bank Indonesia Governor Perry Warjiyo told parliament on Wednesday (source:  BBG).
  • Indonesia plans to cancel as much as $550 million of bad loans owed by small businesses to drive new lending and boost growth in Southeast Asia’s largest economy (source:  BBG).
  • The equity market was very weak today with the Jakarta Composite down -1.18% as bond yields rose at the front end. 

 

2yr 6.548% (+2bp)       5yr 6.768% (-1bp)        10yr 6.782% (+1bp)       30yr 6.965% (-0.5bp)

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  • The central bank still sees room for more rate cuts, the near-term focus will be on maintaining rupiah stability, Bank Indonesia Governor Perry Warjiyo told parliament on Wednesday (source:  BBG).
  • Indonesia plans to cancel as much as $550 million of bad loans owed by small businesses to drive new lending and boost growth in Southeast Asia’s largest economy (source:  BBG).
  • The equity market was very weak today with the Jakarta Composite down -1.18% as bond yields rose at the front end. 

 

2yr 6.548% (+2bp)       5yr 6.768% (-1bp)        10yr 6.782% (+1bp)       30yr 6.965% (-0.5bp)