Weekly Report | 4 Jul 2022
Inflation Above Target and Rupiah at 15,000. US PCE Core Deflator in May was up +0.3% MoM (+4.7% YoY); still high
Inflation Above Target and Rupiah at 15,000. US PCE Core Deflator in May was up +0.3% MoM (+4.7% YoY); still high
Manufacturing activity slowed, giving the Fed room to be Dovish in September. Data shows US June ISM Manufacturing fell
Negative sentiment GDP contraction, investors are interested in the safe haven of SUN. US GDP Annualized QoQ 1Q22
Personal Consumption Expenditures high, Wall Street closed 2Q22 lower. US May Core Deflator PCE up +0.3% MoM and +4.7%
Fears of a soft recession, investors are interested in Safe Haven. Benchmark FR91 yields fell 5 bps, and FR90 even fell
GDP contraction ahead of the earnings season pushed Wall Street to move mixed. US GDP Annualized QoQ 1Q22 contracted
Sukuk Auction under Indicative Target. The results of the Sukuk auction yesterday, the government managed to win IDR 7.8
Consumer pessimism fuels fears of GDP contraction. Nasdaq led Wall Street's decline, and was down nearly 3%. Consumer
Continued Strengthening of the SUN Market. All SUN Benchmarks posted lower yields at the beginning of the week. This