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INDONESIA: USD/IDR down at open; with Currencies Quiet in Morning’s Trade.

INDONESIA
  • USD/IDR is modestly down at 15,430/15,440 in Jakarta morning; versus Tuesday's close of 15,450.
  • Bloomberg Asia dollar spot index is up 0.17% in early dealings. The Bloomberg Dollar spot index is off 0.16% in latest dealings.
  • Broader USD sentiment is softening as the US Presidential debate unfolds. US yields are softer, while yen has strengthened.
  • USD/IDR one-month implied volatility is up this morning to 7.715%, versus 7.83% close on Tuesday.
  • Indonesia’s 10-year bond yield is unchanged at 6.62%
  • Indonesia’s 5 yr USD CDS at 70bps (yesterday close 70bp, 5-year low 58bp in 2020).

Headlines

  • Indonesia To Sold 2037, 36, 41, 28, 49  Sukuk Bonds yesterday with modest bid to cover ratios of 1-2 times, possibly reflecting indigestion in the new issue market ahead of perceived market volatility.
  • Indonesian retailers are optimistic about their sales performance in August, anticipating a year-on-year increase of 5.8%, according to the latest survey conducted by Bank Indonesia (source: Bloomberg).

Data Releases Today

  • Local Auto Sales

 

Government Bond Auctions

  • None

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