October 26, 2022 03:08 GMT
Rupiah Firms In Line With Regional Trend Amid Lower U.S. Tsy Yields
IDR
Spot USD/IDR last seen -19 figs at IDR15,604, with familiar technical levels in play, as the pair holds yesterday's range. 1-month NDF last +49 figs at IDR15,614.
- INDOGB 5-Year/10-Year yield spread keeps tightening to fresh cyclical narrows as the curve flattens. Indonesia's 10-Year yield premium over U.S. Tsys has rebounded from smallest levels this cycle over the course of this week.
- Foreign investors bought a net $19.13mn in Indonesian equities Tuesday, but the Jakarta Comp failed to make a sustained break above its 50-DMA. The benchmark index operates just above neutral levels today.
- Palm oil futures restarted on a firmer footing today, with the most active contract last trading +MYR70/MT. The aggregate BBG Commodity Index holds near unchanged levels.
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