External Sentiment and Rising Oil Prices. Investors tend to be wary of external pressures, especially tensions between Ukraine and Russia. Market participants are also keeping a close eye on the high number of cases of Covid-19 infection in the country, which adds to pressure on the bond market. On the other hand, positive sentiment stems from optimism for Indonesia’s economic recovery. Yesterday, Bank Indonesia (BI) announced the January Real Sales Index which grew 16% to a level of 211. This positive sentiment made the Government Securities (SUN) market closed mixed.
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