The government, through the Directorate General of Financing and Risk Management (DJPPR), set the benchmark series Government Securities (SUN) for 2021, on Wednesday (23/12) last week. This stipulation is regulated in the Decree of the Director General of Financing and Risk Management Number 84 / PR / 2020 concerning Benchmark Series Government Bonds Year 2021. The government has set FR0086 (Reopening) which will mature on April 15, 2026 as the benchmark 5-year tenor. Then, FR0087 (Reopening) with maturity on February 15, 2031, as the benchmark 10-year tenor. Furthermore, FR0088 (New Issuance) which will mature on June 15, 2036 as the 15-year benchmark. And finally, FR0083 (Reopening) which will mature on April 15, 2040 as the benchmark 20-year SUN. Last week, the SUN market weakened. Apart from last week’s short trade, market players also responded negatively to the mutation of the corona virus in the UK. Investors also realized profits because they had experienced significant gains in the last few weeks. For the record, the yield on 10-year government securities was again below the psychological level of 6% or the lowest since mid-2013.

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