Global Market Update

• On November 4, 2024, the U.S. 10-year government bond yield closed at 4.2847%.
• Australia's Judo Bank Composite PMI Output Index rose to 50.2 in October from 49.6 in September, indicating a slight increase in private sector output. Growth was minimal, as higher services activity nearly offset the continued decline in manufacturing.
• Singapore's S&P Global PMI fell to 55.5 in October from 56.6 in September, indicating the slowest private sector expansion since June. New orders grew more slowly, while output growth accelerated, and employment rose for the sixth month. Backlogs increased sharply, though purchasing activity stalled as rising new orders were balanced by reduced purchasing at some firms.

            Sources: S&P Global, Trading Economics, and Bloomberg.


Domestic Market Update

• On November 4th, 2024, the Indonesia Government Bond 10 Years Yield closed at 6.8735%.
• The USD/IDR spot rate closed at level of 15,752.5 while the JISDOR closed at 17,751.
• PEFINDO has withdrawn the rating for PT Perusahaan Listrik Negara's Obligasi Berkelanjutan II PLN Tahap II Tahun 2017 Seri B following its full repayment on November 4, 2024. The last rating, idAAA, was assigned on June 10, 2024.

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




Market Projection
We predict the 10-year Indonesia Government Yield Curve will continue to move within range 6.8160% - 6.9537% for Today. Recommendations: FR0102, FR0089, FR0100, FR0062, FR0103, PBS038, PBS033, PBS005, ORI023T6, ORI025T6 and ORI024T6.

DOWNLOAD FULL REPORT HERE