April 19th, 2024
Global Market Update
Domestic Market Update
Market Projection
- On April 18th , 2024, the US 10-Years Bond Yield close at level of 4.633%, higher by 4.53-bps compared to previous day.
- Malaysia's economy grew by 3.9% YoY in Q1-2024, speeding up from a 3.0% growth in Q4-2023. This marks the quickest economic expansion in precisely one year, propelled by positive contributions from all sectors, with the services sector leading the way at 4.4%.
- In March 2024, Japan's annual inflation rate slightly decreased to 2.7% from February's peak of 2.8%, which matched consensus. Meanwhile, the core inflation, excluding fresh food, increased by 2.6% YoY.
Domestic Market Update
- On April 19th, 2024, Indonesia Government Bond Yield Curve (10-Years Bond) closed at level of 6.9768%, marking an increase of 5.11 bps compared to previous close.
- Indonesia’s external debt position in February remained manageable, increasing by 1.40% YoY. This increase primarily stemmed from the public sector, which was also influenced by the weakening of the US dollar against several global currencies, including the Rupiah. The debt position consists of 51.52% government debt and 48.48% private sectors. The largest economic sector is the Financial and Insurance Services sector, contributing 17.88%.
- On April 19th, the Rupiah's JISDOR rate closed at 16,280, marking a 63.67-bps depreciation compared to yesterday.
Market Projection
- We predict the 10-year Indonesia Government Yield Curve will continue to move within range 6.348% - 7.016% for next Monday. Recommendations: FR0102, FR0089, FR0062, FR0100, and FR0093.
