Today’s auction will be the last auction for Government Securities (SUN) for the 1Q21 period. Throughout 2021, the initial SUN auction on January 5, 2021 recorded incoming bids worth IDR 97.2 trillion. Then, the incoming bids began to fall at the SUN auction in mid-January 2021, which was worth only IDR 55.3 trillion, before finally recording a record low of IDR 40 trillion in 2021 at the SUN auction in mid-March. On the other hand, taking into account the reasonable yield on government securities in the secondary market and maintaining cost of funds, NHKSI Research projects that the government will remain selective in winning the auction this time. Apart from inflation in Indonesia, this week market players are watching data on the consumer confidence index, jobless claims and the Purchasing Manager Index.
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