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Indonesia Sov Curve Flatter, Front-End Underperforms Tsys

INDONESIA
EM BulletDataHomepagemarkets-real-timeData BulletBulletEmerging Market News

Indonesian USD sovereign debt curve has flattened today with yields 1-4bps lower lagging the move lower in the front end made by US Treasuries on Thursday

  • The 2Y yield is 1bps lower at 4.88%, 5Y yield is 3bps lower at 4.85%, the 10Y yield is 2bps lower at 4.94%, while the 5-year CDS is down 1bp to 60.5bps.
  • The Indon to US Treasury spread difference widen over the past few days with the front end under-performing. The spread difference for the 2yr is 38bps, 5yr is 36bps, while the 10yr is 86bps. Looking back over the week the 2yr is 10bps tighter, 5yr 1bp tighter while the 10yr is 8bps wider
  • In cross-market moves, the USD/IDR is 0.32% lower, the JCI is 0.37% higher, while US Tsys yields are unchanged
  • Foreign investors sold Indonesian debt again on Wednesday at a net flow of -$132m. Short-term, investors have largely been sellers, with a 20-day average daily flow currently at -$36m, while longer-term trends still remain positive with the 100-day average at +$4.8m.
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Indonesian USD sovereign debt curve has flattened today with yields 1-4bps lower lagging the move lower in the front end made by US Treasuries on Thursday

  • The 2Y yield is 1bps lower at 4.88%, 5Y yield is 3bps lower at 4.85%, the 10Y yield is 2bps lower at 4.94%, while the 5-year CDS is down 1bp to 60.5bps.
  • The Indon to US Treasury spread difference widen over the past few days with the front end under-performing. The spread difference for the 2yr is 38bps, 5yr is 36bps, while the 10yr is 86bps. Looking back over the week the 2yr is 10bps tighter, 5yr 1bp tighter while the 10yr is 8bps wider
  • In cross-market moves, the USD/IDR is 0.32% lower, the JCI is 0.37% higher, while US Tsys yields are unchanged
  • Foreign investors sold Indonesian debt again on Wednesday at a net flow of -$132m. Short-term, investors have largely been sellers, with a 20-day average daily flow currently at -$36m, while longer-term trends still remain positive with the 100-day average at +$4.8m.