In the latest report, the IMF cut its economic growth projections for emerging market countries, particularly ASEAN 5 (Indonesia, Malaysia, Philippines, Thailand, Vietnam) in 2021 by 4.3%. This projection is down from last April’s 4.9%. This has made a number of investors return to interest in the safe haven instrument of Government Securities (SUN). This interest from market participants is also in the midst of the lack of supply of a number of series such as FR0086, FR0087, FR0083, as well as Sukuk PBS027, PBS017, and PBS004. For the record, these series are no longer offered in the last auction of Government Securities (SBN).

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