DAILY OUTLOOK
The 10Y SUN yield rose 1.3bps to 7.152% as the 10Y UST climbed 7.6bps to 5.236%, a fresh 19-year high, leaving the SUN–UST spread at 191.6bps. JISDOR weakened to IDR 17,965/USD from IDR 17,917/USD as oil-driven inflation fears and hawkish Fed pricing weighed on Asian assets. We expect the 10Y SUN to trade within 7.10%–7.22% today, with no series currently screening Cheap on our valuation.
NEWS HIGHLIGHTS
- Global – Asian Bonds Set To Track Treasuries
- Global – Iran Doubts Deal Before US Midterms
- Global – Japan Steps Up Yen Warnings
- Global – Treasury Yields Hit 19-Year High
- Credit – Fitch Affirms PLN At BBB
- TPIA – Repays IDR 361bn Maturing Bond
- TUFI – Repays IDR 804bn Maturing Bond
- WSKT – Settles Deferred IDR 722bn Bond
Regards, Aldiracita Research
