Positive Economic Data Drives Interest in Short Tenors. The benchmark series of Government Bonds (SUN) FR0086 and FR0087 recorded a decline in yields to 5.01% and 6.15%, respectively, based on Bloomberg data. Market participants responded positively to the surplus in Indonesia’s Balance of Payments (BOP) and current account balance for the 3Q21 period. Meanwhile, the rupiah exchange rate at the weekend was slightly depressed to the level of IDR 14,232/USD, weakening 0.08% in a day or 0.09% in a week.

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