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Indonesian Sov Curve Bear Steepens, Consumer Confidence Falls

INDONESIA
EM BulletDataHomepagemarkets-real-timeData BulletBulletEmerging Market News

Indonesian USD sovereign debt curve has bear steepened today with yields 1-5bps higher. Indonesia is back from their break, consumer confidence falls.

  • The 2Y yield is 1bps higher at 4.90%, 5Y yield is 4bps higher at 4.88%, the 10Y yield is 3.5bps higher at 4.97%, while the 5-year CDS is down 1bp to 68bps.
  • The Indon to US Treasury spread difference has continued it's move tighter after edging wider late last week. The spread difference for the 2yr is 31.5bps, 5yr is 29.5bps, while the 10yr is 82bps.
  • In cross-market moves, the USD/IDR is 0.14% lower, the JCI is 0.32% higher, Nickel has risen to 4 month highs now trading at $18,580 up 0.20% while US Tsys yields are unchanged
  • In February, Indonesia's consumer confidence index declined from the previous month's five-month high of 125.0 to 123.1 in Feb. The index for current economic conditions fell to 110.9, this decrease was driven by reduced confidence in current income, job availability, and durable goods purchases. While the consumer expectations index increased to 135.3, indicating greater optimism about future income and jobs, although confidence in current business activity remained subdued.
  • Looking ahead: Indonesia to Sell 90D - 30Y Bonds at 5.30pm local.
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Indonesian USD sovereign debt curve has bear steepened today with yields 1-5bps higher. Indonesia is back from their break, consumer confidence falls.

  • The 2Y yield is 1bps higher at 4.90%, 5Y yield is 4bps higher at 4.88%, the 10Y yield is 3.5bps higher at 4.97%, while the 5-year CDS is down 1bp to 68bps.
  • The Indon to US Treasury spread difference has continued it's move tighter after edging wider late last week. The spread difference for the 2yr is 31.5bps, 5yr is 29.5bps, while the 10yr is 82bps.
  • In cross-market moves, the USD/IDR is 0.14% lower, the JCI is 0.32% higher, Nickel has risen to 4 month highs now trading at $18,580 up 0.20% while US Tsys yields are unchanged
  • In February, Indonesia's consumer confidence index declined from the previous month's five-month high of 125.0 to 123.1 in Feb. The index for current economic conditions fell to 110.9, this decrease was driven by reduced confidence in current income, job availability, and durable goods purchases. While the consumer expectations index increased to 135.3, indicating greater optimism about future income and jobs, although confidence in current business activity remained subdued.
  • Looking ahead: Indonesia to Sell 90D - 30Y Bonds at 5.30pm local.