Profit Taking ahead of BI’s RDG Results. All benchmark series of Government Bonds (SUN) recorded higher yields, with FR0091 rising 4.5 bps to 7.96%. Investors’ profit taking, in the midst of waiting for the results of the Bank Indonesia Board of Governors’ Meeting (RDG BI) to release the BI Seven Days Reverse Repo Rate (BI 7DRRR) April Tuesday afternoon, is projected to stay at its lowest level of 3.50%. This contrasts with the Fed’s Hawkish stance, where the FFR rose 25 bps last March, and speculation of a 150 bps increase in the next three months. Market participants are keeping an eye on BI’s Dovish stance, which will only increase the BI 7-DRRR if there is an increase in fundamental inflation, where the indicator is an increase in core inflation.

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