Bank Indonesia (BI) reported foreign exchange reserves as of November 2020 worth USD 133.6 billion, or relatively stagnant from the previous month’s USD 133.7 billion. Meanwhile, the payment of government debt is still a foreign reserve sentiment in Indonesia. For the record, foreign reserve recorded an all-time high of USD 137 billion in August. Yesterday, all benchmark short tenor government bonds (SUN) recorded an increase in yield. Meanwhile, investors are interested in the medium tenor FR0083 and long tenor FR0080, because they still offer attractive yields.
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