Global Market Update

• On November 13, 2024, the U.S. 10 Years Yield closed at 4.4512%.
• The US annual inflation rate rose to 2.6% in October 2024 from 2.4% in September, marking the first increase in seven months and aligning with expectations. Energy costs fell less (-4.9% vs -6.8%), driven by smaller declines in gasoline (-12.2% vs -15.3%) and fuel oil (-20.8% vs -22.4%), while natural gas prices held steady at a 2% rise.
• Australia's seasonally adjusted unemployment rate held steady at 4.1% in October 2024, meeting expectations for the third straight month. The number of unemployed rose by 8.3 thousand to 625.8 thousand, with full-time job seekers up by 8.2 thousand and part-time seekers unchanged.

            Sources: U.S. Bureau of Labor Statistics, Australian Bureau of Statistics, Trading Economics, and Bloomberg.



Domestic Market Update

• On November 13th, 2024, the Indonesia Government Bond 10 Years Yield closed at 6.9372%.
• On November 13, 2024, the Rupiah JISDOR closed at 15,782.
• According to KSEI, PT Tunas Baru Lampung Tbk approved an incentive payment on two bond series: For Sustainable Bond I Tunas Baru Lampung Phase II Year 2020 Series B (TBLA01BCN2), an incentive of 0.5% of the outstanding principal will be paid to all bondholders alongside the principal repayment on November 20, 2024.For Sustainable Bond II Tunas Baru Lampung Phase I Year 2023 (TBLA02CN1), an incentive of 1% of the outstanding principal will also be paid to all bondholders with the principal repayment on November 20, 2024.

            Sources: KSEI, Bank Indonesia, PHEI, and Bloomberg.




Market Projection
We predict the 10-year Indonesia Government Yield Curve will continue to move within range 6.8263% - 6.9642% for Today. Recommendations: FR0102, FR0089, FR0105, FR0100, FR0062, PBS038, PBS033, PBS005, ORI023T6, ORI025T6 and ORI024T6.

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