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Close of May 1, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 7.028 | 0.0 | ▲ 25.1 | ▲ 59.5 |
5 Year | 7.140 | 0.0 | ▲ 17.6 | ▲ 61.4 |
10 Year | 7.156 | 0.0 | ▲ 11.9 | ▲ 55.1 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
IDR per USD | 16,259.000 | 0.0 | ▼ 0.6 | ▼ 5.6 |
IDR per JPY | 105.189 | ▼ 2.1 | ▼ 1.2 | ▲ 3.7 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D INDONIA | 6.073 | 0.0 | ▲ 12.1 | ▲ 18.9 |
3M JIBOR | 7.174 | 0.0 | ▲ 24.2 | ▲ 22.4 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (24-Apr-2024) |
Previous Rate (20-Mar-2024) |
YTD Rate |
|
Bank Indonesia Rate | 6.250 | ▲ 25.0 | ▲ 25.0 | |
* Policy rate changes are expressed in basis point change. |
Agency | Rating | Outlook | Date | |
---|---|---|---|---|
Regional Rating Institutions | ||||
R&I | BBB+ | positive | 2023-07-25 | |
RAM | BBB2 | stable | 2019-10-31 | |
Non-Regional Rating Institutions | ||||
Fitch | BBB | stable | 2024-03-15 | |
S&P | BBB | stable | 2023-07-04 | |
NEWS HIGHLIGHTS
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BOND ISSUANCES
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2017 for Indonesia is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Indonesia. View Report
* Download previous issues PDF | ||||
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Between 1 December 2023 and 29 February 2024, local currency (LCY) government bond yields in Indonesia edged down for all maturities. Bond yields declined an average of 18 basis points across the curve amid signals that the United States Federal Reserve would cut rates later this year. While the timing of the Federal Reserve rate cut remained uncertain, subdued inflation contributed to the overall decline in bond yields during the review period.
Indonesia’s LCY bond market growth picked up in the fourth quarter (Q4) of 2023, with bonds outstanding reaching a size of IDR6,331.0 trillion at the end of December. Despite a contraction in the issuance of government and corporate bonds, overall growth climbed to 2.7% quarter-on-quarter (q-o-q) in Q4 2023 from 0.5% q-o-q in the third quarter, due to a low volume of maturities in Q4 2023. LCY bond issuance in Indonesia totaled IDR459.1 trillion in Q4 2023 on growth of 13.1% q-o-q that was largely driven by central bank issuance. Overall issuance growth in Q4 2023 was dragged down by declines in the issuance of government bonds and corporate bonds.
In October, the Financial Services Authority (Otoritas Jasa Keuangan) issued Regulation 18/2023 governing the issuance process and requirements for sustainable debt securities. With the new regulation, the range of sustainable debt securities was expanded to include all types of sustainable securities (green, social, sustainability, and sustainability-linked), applying to both conventional and sukuk (Islamic bond) issues. It also covers both publicly issued debt securities and private placements.