Profit Taking Ahead of US GDP Data. All benchmark Government Securities (SUN) recorded a yield increase of more than 1 bps yesterday. The US Gross Domestic Product (GDP) Annualized QoQ data for the 3Q21 period was at the level of 2%, or lower than the market projection of 2.6%. Meanwhile, yesterday’s market movement was in the midst of the positive sentiment of a decline in the UST10Y yield. Earlier, the UST10Y yield fell more than 9 bps to 1.54%, compared to the weekend’s 1.63%. On the other hand, yesterday’s profit taking was also in line with the depreciation of the rupiah which was approaching the level of IDR 14,200/USD.
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