Earlier this week, the benchmark Government Securities (SUN) closed mixed with a 20-year yield of FR0083 below the 7% level. The bond market still responded positively to the Bank Indonesia Seven Days Reverse Repo Rate (BI 7-DRRR) cut from 4% to 3.75%. Meanwhile, it is possible that there will still be room for Bank Indonesia (BI) to carry out reductions. This is certainly a positive sentiment and welcomed by investors. On the other hand, this sentiment has begun to subside as bond prices have risen high enough to not produce maximum results.
Download full report HERE.
