Domestic Economic Data Color the Market Last Week. Bond market movements amid the release of domestic economic data. The Central Statistics Agency (BPS) recorded the Consumer Price Index (CPI) for the March period of 0.66% MoM or 2.64% YoY. Meanwhile, the position of foreign exchange reserves (cadev) for the March 2022 period was USD 139.1 billion, down 1.62% MoM. From external sentiment, there is another signal of recession in the United States (US) bond market, with yield inversions on the US Treasury series UST2Y and UST10Y. Meanwhile, the yield on UST10Y rose to 2.66%, the highest level in the last three years.
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