DAILY OUTLOOK
Indonesia’s 10-year SUN yield eased 1.4bps to 7.115%, while the US 10-year Treasury held at 4.782%, leaving the SUN-UST spread at 233.3bps. JISDOR firmed 53 points to IDR 17,636/USD, and the short end led the move as the 5-year SUN fell 7.5bps to 6.926%. Sentiment stays two-sided: WTI rose 0.8% to USD 92.19/barrel on renewed US-Iran tanker strikes, Indonesia’s 10-year CDS sits at 137.80bps, and a stronger-than-expected US payrolls print has lifted September hike odds to roughly 60% ahead of Friday’s CPI. We expect the 10-year SUN to trade within 7.05%-7.20% today with a cautious-neutral bias, and FR0094 remains the sole Cheap series, supporting selective front-end accumulation rather than duration extension.
NEWS HIGHLIGHTS
- Global – Fed Hike Bets Hinge on CPI
- Global – Iran, US Trade Tanker Strikes
- Global – OPEC+ Holds Output Quotas Steady
- Global – Treasury Buybacks and CPI Loom
- Global – Ukraine Talks Yield No Quick End
- Domestic – CDS Widening Signals Higher Risk Premium
- Domestic – Corporate Issuance Seen Near IDR 154tn
- Domestic – Global Yield Surge Threatens SBN Market
- Bond – SR025 Retail Sukuk Reaches IDR 9.73tn
- Credit – PEFINDO Withdraws KIK EBA Rating
- WSKT – Secures Bondholder Restructuring Approval
Regards, Aldiracita Research
