The majority of market players tend to collect short and medium tenor Government Securities (SUN), compared to long tenors. The 5-year benchmark FR0086 posted a yield decline of more than 10 bps, outpacing the 4.5 bps and 9 bps losses of the FR0087 and FR0088, according to Bloomberg data. In more detail, both the 10-year and 15-year benchmark yields recorded relatively the same yield at 6.50%. The good liquidity of FR0087, which has outstanding up to IDR 121 trillion, has made investors interested in this series again. The other outstanding benchmarks are in the range of IDR 36 trillion to IDR 102 trillion. The strengthening of the domestic SUN market amidst the continuing decline in US Treasury (UST) yields to the level of 1.65%, after the International Monetary Fund (IMF) raised its global economic projection. In a press conference, the IMF said that the global economic growth projection is at 6% in 2021. This figure is up from the previous projection of 5.5%.
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