Investors are still digesting domestic economic data. SUN Benchmarks recorded an increase in yields at the beginning of the week. Yield FR91 rose more than 6bps to 7.41%. The movement of the SUN market was in the midst of the release of a number of domestic economic data, such as: Trade Balance, Exports and Imports. The SUN market pressure is also amid the wait and see attitude of investors ahead of the BI RDG on Wednesday and Thursday tomorrow.

Corporate Bonds
WIKA: Obtained a New Contract. PT Wijaya Karya Tbk (WIKA) obtained a new contract worth IDR 19 trillion up to September 2022. The obtained contract reflects 44.63% of the new contract’s total target WIKA aimed this year. Most new contracts are infrastructure projects, followed by Engineering Procurement, Construction (EPCC), and building projects with precast and steel structure industries for the rest. (Kontan)

Domestic Issue
Indonesia Trade Balance Surplus Reaches USD 4.99 Billion. The Central Bureau of Statistics reported that the export value in September 2022 reached USD 24.80 billion, while the import value was only USD 19.81 billion. Thus, Indonesia’s trade balance recorded a surplus of USD 4.99 billion in September 2022. However, Indonesia’s trade balance in September was still lower than the achievement in August 2022, which reached USD 5.71 billion. (Kompas)

Coal and CPO again support the performance of non-oil and gas exports. Indonesia’s Trade Balance for the September period recorded a surplus of +USD4.9B (Vs. Aug. +USD5.7B). The trade balance performance which returned to surplus, maintained the resilience of the domestic economy in facing external risks.

Download full report HERE.