Global Market Update
Sources: U.S. Bureau of Economic Analysis, Ministry of Economy Trade & Industry (METI) - Japan, Bloomberg, and Trading Economics.
Domestic Market Update
Sources: Fitch Ratings, KSEI, PHEI, and Bloomberg.
Market Projection
We predict the 10-year Indonesia Government Yield Curve will continue to move within range 6.8483% - 6.9867% for Today. Recommendations: FR0102, FR0089, FR0100, FR0062, FR0103, PBS038, PBS033, PBS005, ORI023T6, ORI025T6 and ORI024T6.
- On October 30th, 2024, the US 10-Year Government Bond yield closed at 4.3004%, an increase of 4.63-bps compared to yesterday.
- The U.S. economy grew by an annualized 2.8% in Q3 2024, down from 3% in Q2 and below forecasts. Personal spending rose 3.7%, the highest since Q1 2023, driven by a 6% jump in goods consumption and strong spending on services, including prescription drugs, motor vehicles, outpatient services, and food services.
- Japan's industrial production rose 1.4% month-over-month in September 2024, rebounding from a 3.3% drop in August and beating forecasts. Growth was driven by motor vehicles (7.1%), chemicals (6.6%), and electrical machinery (2.2%). Annually, production fell 2.8%, improving from a 4.9% decline in August.
Sources: U.S. Bureau of Economic Analysis, Ministry of Economy Trade & Industry (METI) - Japan, Bloomberg, and Trading Economics.
Domestic Market Update
- On October 30, 2024, the Indonesia Government Bond 10 Years Yield closed at 6.8913%.
- Fitch Ratings affirmed PT Tower Bersama Infrastructure Tbk's (TBI) Long-Term IDRs at 'BBB-' and National Long-Term Rating at 'AA+(idn)' with a Stable Outlook. This reflects TBI's steady cash flow, commitment to leverage targets, and resilience against customer consolidation risks.
- PT Pegadaian (Persero) will distribute the 9th profit-sharing payment of IDR 3,521,903,175 for Sukuk Mudharabah Phase II Series B on November 18, 2024, as per KSEI's announcement.
Sources: Fitch Ratings, KSEI, PHEI, and Bloomberg.
Market Projection
We predict the 10-year Indonesia Government Yield Curve will continue to move within range 6.8483% - 6.9867% for Today. Recommendations: FR0102, FR0089, FR0100, FR0062, FR0103, PBS038, PBS033, PBS005, ORI023T6, ORI025T6 and ORI024T6.