Global Market Update

• On November 25, 2024, the U.S. 10 Years Yield closed at 4.2731%.
• Singapore's inflation slowed to 1.4% in October 2024, down from 2% in September and below the 1.8% forecast. This is the lowest since March 2021, with slower price increases in housing, utilities, goods, education, recreation, and health care.
• South Korea's Consumer Sentiment Index slipped to 100.7 in November 2024 from 101.7 in October. Slight improvements in living standards and income expectations were overshadowed by concerns over economic conditions. Inflation expectations for next year remained stable at 2.8%.

            Sources: Statistics Singapore, The Bank of Korea, Trading Economics, and Bloomberg.




Domestic Market Update

• On November 25th, 2024, the Indonesia Government Bond 10 Years Yield closed at 6.9680%.
• PEFINDO affirmed its idAAA(cg) rating for PT Hartadinata Abadi Tbk's (HRTA) proposed IDR1 trillion shelf-registered bond II 2024, guaranteed by CGIF (idAAA/Stable). Proceeds will fund working capital and refinancing. The rating reflects CGIF's full, unconditional, and irrevocable guarantee.
• PEFINDO assigned an idA+ rating to PT Petrosea Tbk's Shelf-Registered Bond I, worth up to IDR2 trillion. The rating highlights Petrosea's solid market position, integrated services, and strong financials but notes challenges from industry competition, volatile commodity prices, and environmental risks.

            Sources: PEFINDO, PHEI, and Bloomberg.


Market Projection
We predict the 10-year Indonesia Government Yield Curve will continue to move within range 6.9115% - 7.0511% for Today. Recommendations: FR0102, FR0089, FR0105, FR0100, FR0062, PBS038, PBS033, PBS005, ORI023T6, ORI025T6 and ORI024T6.

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