Global Market Update
- On December 26th, 2024, the U.S. 10 Years Yield closed at 4.5827%.
- Japan’s unemployment rate was 2.5% in November 2024, staying the same for the second month in a row, as expected. The number of unemployed people rose by 10,000 to 1.72 million, while the number of employed people increased by 100,000 to a record 68.08 million.
- Singapore’s manufacturing production grew 8.5% year-on-year in November 2024, below the 10% forecast, following a 1.2% increase in October.
Sources: Ministry of Internal Affairs & Communications – Japan, Singapore Economic Development Board, Trading Economics, and Bloomberg
Domestic Market Update
- On December 24th, 2024, the Indonesia Government Bond 10 Years Yield closed at 7.0916%.
- The government issued a Fixed Rate Treasury Bond (FR0065) with a 6.625% coupon and a yield of 7.03%, maturing on May 15, 2033. The bond, worth IDR 5 trillion, was privately placed on December 24, 2024, following a transaction on December 20, 2024, with settlement on December 24, 2024.
- PT Pegadaian (Persero) will pay the 18th interest (7.95% per year) on Obligasi Berkelanjutan IV Pegadaian Tahap II Tahun 2020 Seri C, which matures on July 8, 2025, on January 8, 2025.
Sources: DJPPR Kemenkeu, KSEI and PHEI.
Market Projection
We predict the 10-year Indonesia Government Yield Curve will continue to move within range 6.9792% – 7.1202% for Today. Recommendations: FR0102, FR0089, FR0105, FR0092, FR0062, PBS038, PBS033, PBS005, ORI023T6, ORI025T6 and ORI024T6.