Global Market Update
Sources: Federal Statistical Office, The Bank of Korea, Investing, and Binaartha.
Domestic Market Update
Sources: Bank Indonesia, BPS, PHEI, Investing and Binaartha.
Market Projection
- The yield on the 10-year US Treasury note went up to 3.63% on Friday due to uncertainty about the US monetary policy. Some officials from the Federal Reserve suggested they might not increase interest rates at the next meeting, but the latest jobs report made it more likely that there would be a small rate increase of 25 bps this month.
- The Foreign Exchange Reserves in South Korea witnessed a decrease, falling to 420,983.40 USD Million in May from 426,683.60 USD Million in April of 2023.
- Germany's trade surplus expanded to EUR 18.4 billion in April 2023, surpassing market expectations of EUR 16.0 billion. The increase was driven by a 1.2 percent rise in exports, primarily to the EU (4.5 percent), while exports to countries outside the EU decreased by 2.4 percent.
Sources: Federal Statistical Office, The Bank of Korea, Investing, and Binaartha.
Domestic Market Update
- On May 31st, 2023, the Indonesia Government Bond 10-Year Yield Curve decreased by 3.5 basis points compared to the previous day.
- The 5-year CDS premium for Indonesia decreased to 84.00 bps as of May 30th , 2023, from 88.34 bps on May 26th , 2023.
- In May 2023, there was a year-on-year inflation of 4.00%. This inflation occurred due to price increases in several expenditure categories. The month-on-month inflation rate for May 2023 was 0.09%, and the year-to-date inflation rate for May 2023 was 1.10%.
Sources: Bank Indonesia, BPS, PHEI, Investing and Binaartha.
Market Projection
- We predict the 10-year Indonesia Government Yield Curve will continue to move within 6.459%-6.712% for tomorrow. Recommendations: FR0067, FR0072, FR0076, FR0088, FR0089, and FR0098.
