The US dollar is coming near to a 3-month low after the Fed signaled a lower FFR hike in December. As Wall Street celebrating Thanksgiving holiday, European stock markets continued their gains, with Germany’s IFO business climate index surpassed expectations, complementing some optimist data from France. Data showed that Germany’s IFO Business Climate in Nov. has risen to 86.3 (Vs. Oct. 84.5). Additionally, DXY has closed at 105.8, the lowest since last August where the FOMC Meeting was absent that month.

Corporate Bonds
ADHI: Achieve a New IDR19.1 T Contract. PT Adhi Karya (Persero) Tbk (ADHI) actualized the acquisition of new contracts of IDR19.1 trillion, an increase of 51% YoY. Several new contracts obtained by ADHI in October 2022 are a Centralized Domestic Wastewater Management System in Banda Aceh and a Plant Road and Drainage in Karawang, West Java. (Emiten News)

Domestic Issue
Government Prepares Auction for 6 Series Sukuk. The government on November 29, 2022 will again hold an auction of State Sharia Securities (SBSN) or State Sukuk to fulfill part of the financing target in the 2022 State Budget. State – Sharia) new issuance, and five PBS (Project Based Sukuk) series, all of which are reopening. From the auction of the six sukuk series, the government through the Directorate of Sharia Financing, Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance set an indicative target of IDR 5 trillion. (

The Fed’s policy discourse is more relaxed, investors respond mixed. SUN Benchmarks moved mixed, with FR90 recording a yield decline of up to 14 bps to 6.44%. Investors are watching the news that the Fed will reduce the pace of raising its benchmark interest rate in the future.

Wacana kebijakan the Fed lebih longgar, investor merespon beragam. SUN Benchmark bergerak mixed, dengan FR90 mencatatkan penurunan yield hingga 14 Bps ke level 6,44%. Investor mencermati kabar the Fed yang akan mengurangi laju kenaikan suku bunga acuannya di masa mendatang.

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