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.

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