Danareksa government bonds yield index declined 1.75bps from 7.700% to 7.682%
US Treasuries extended the best start to a year on record after the Swiss National Bank’s unexpected decision to end its exchange-rate cap and cut interest rates fueled appetite for higher-yielding U.S. bonds. The 30-yr bond yield reached a record low as oil prices tumbled to the least in 5 1/2 years, sinking inflation expectations. The benchmark 10-year note yield touched the lowest since 2013, buoyed by demand from investors seeking higher yields on speculation the European Central Bank will unveil expanded bond-buying, or quantitative easing, on Jan. 22. U.S. 10-yr note yield fell 11bps this week to 1.84%. The price of the 2.25% note due in November 2024 added 31/32 to 103 3/4. (Bloomberg)
Government bonds volume was IDR12.85 trillion, and it was dominated by medium term (5-15 years). It was lower than the previous day transaction of IDR16.85 trillion but it was higher than its YTD average of IDR10.56 trillion.Corporate bonds volume was IDR791.61 billion, mostly short term (< 5 years). It was lower than the previous day transaction of IDR921.85 billion but it was higher than its YTD average of IDR551.70 billion.
IDR weakened 0.28% against USD from 12,555 to 12,590 whilst JCI decreased -0.78% from 5,189 to 5,148.
FR0070 yield was down by 2.80bps from 7.582% to 7.554% while RI240115 yield fell by -3.4bps from 4.058% to 4.024%.
Brent increased from 46.33 to 47.69 USD per barrel meanwhile WTI Cushing Crude Oil Spot price advanced from 46.25 to 48.69 USD per barrel.