DAILY OUTLOOK
The 10Y SUN yield rose 0.8bps to 7.152% while the 10Y UST edged up 0.65bps to 5.291%, leaving the SUN–UST spread at 186.1bps. JISDOR strengthened to IDR 17,877/USD from IDR 17,998/USD as a softer-than-expected US core PCE print trimmed October Fed hike bets, although the 30Y UST yield renewed a 24-year high. We expect the 10Y SUN to trade within 7.10%–7.21% today, with no series currently screening Cheap on our valuation.
NEWS HIGHLIGHTS
- Global – Asian Bonds Slip As Treasuries Weaken
- Global – EM Banks Resilient, Divergence Widens
- Global – US Spending Jumps Most In Year
- Global – UST 30Y Yield Renews 24-Year High
- BIIF – Readies IDR 100bn Bond Repayment
- BMRI – Repays IDR 2.4tn Maturing Bond
- INKP – Repays Maturing Bond And Sukuk
- TBIG – Bond, Sukuk Rated AA+(idn) By Fitch
- WSBP – Rating Affirmed At idB, Outlook Negative
Regards, Aldiracita Research
