Government Wins IDR 5.1 Trillion Sukuk Auction. DJPPR data shows that yesterday’s bid for the Sukuk auction was worth IDR 15.1 trillion, or lower than the previous Sukuk auction of IDR 20.21 trillion. Furthermore, the government only absorbed IDR 5.1 trillion from the proceeds of the state sukuk auction this time. Meanwhile, the UST2Y and UST10Y yield inversion patterns colored the SBN trading yesterday. Earlier, yields on UST2Y rose +30bps, more aggressive than UST10Y which rose +20bps. This yield volatility, ahead of the FOMC Rate Decision meeting this week.

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