Indonesia Bond Rallied on a Surprise Move of Rupiah
Indonesia corporate bonds yield tightened sharply on last week trading with the yields fell in all maturities curve supported by a relief rally of IDR which strengthened 8.4% WOW to IDR 13,412 per US dollar. Credit yield fell in all tenor bonds and rating classes by an average of 65 bps WoW. Flows also rose marginally to IDR 3,268 billion (+10% WoW) from IDR 2,946 billion in the previous week. AAA rated bonds dominated secondary flow with a total of IDR 1645 billion.
The 3y and 5y of Bank BTN Bonds Offer c.172-211bps Risk Premium
Indonesia Multifinance Revives Primary Market Activity; TAFS’ Coupon Rate Set Higher 25 Bps
Indonesia Bond Rallied on a Surprise Move of Rupiah
Debt Switch Cancelation Might Support Indonesia FR0053 Price
BI Rate Increases have yet an Impact on Mortgage Interest
Among notable trades were; Agung Podomoro Land, Tbk (APLN:IJ) 12.25% 2019, Astra Sedaya Finance (ASF) 8.6% 2017 and BSDE 8.375% 2018 with trading frequency reaching 14-17x. the price of APLN 12.25% 2019 continued weakening trend with the yield rose 26bps WoW to 12.51%. Bumi Serpong Damai, Tbk (BSDE:IJ) 8.375% 2018 also saw widening yield 18 bps to 10.7%. Meanwhile, we saw investors’ appetite remain high on higher grade multifinance firm as the price of ASF 8.6% 2017 was traded higher with the yield tightened back to 8.9% after rising sharply in prior week.
Express Transindo Bond Yield at 40%
Quiet Weekly Flows amidst Lackluster Market Sentiment
Pressure Eases as the Fed Delayed Rate Hike
Investor on the Sideline; Foreign Exchange Reserve in May worth USD124.95Bn
Investor on the Sideline; Bank Indonesia Hold Rate Unchanged
