August 06, 2024 05:42 GMT
Short End Yields Higher, BI May Have H2 Cut Window Given Fed Outlook
INDONESIA
- Indonesia’s robust GDP numbers yesterday and moderating inflation show the economy is in a healthy position leading into the second half of 2024.
- The Central Bank has the opportunity to pause for now, pending the outcome of the expected move by the FED next month.
- Following on from any FED rate decision will be guidance from the new government as to spending plans to raise the outlook for growth.
- The bond market today saw short to intermediate yields higher, with longer dated bonds flat on the day.
2yr 6.412% (+2.5bp) 5yr 6.611% (+2bp) 10yr 6.777% 30yr 6.968%
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