DAILY OUTLOOK
Indonesia’s 10-year SUN yield eased 1.1bps to 7.118%, while the US 10-year Treasury yield slipped 0.2bp to 4.766%, narrowing the calculated SUN-UST spread to 235.2bps. JISDOR strengthened 81 points to IDR 17,689/USD, although WTI rose 0.5% to USD 91.75/barrel and renewed US-Iran strikes kept energy-price risk elevated. A sharp yen rally ahead of the BOJ meeting also raises the risk of further carry-trade unwinds and cross-market volatility. We expect the 10-year SUN to trade within 7.05%-7.20% today with a cautious-neutral bias. FR0094 remains the sole Cheap bond, supporting selective accumulation while avoiding aggressive duration extension ahead of the key US payrolls release.
NEWS HIGHLIGHTS
- Global – Yen Carry Trades Unwind
- Global – Vance Downplays Iran Conflict
- Global – Oil Volatility Persists
- Eximbank – Repays IDR 714.5bn Bond
- PALM – Repays IDR 50bn Bond
- BBRI – Retains idAAA Stable
- PALM – Retains idA Stable
Regards, Aldiracita Research
