The results of the recent bids for a number of Government Securities (SBN) indicated a recovery in domestic bond market conditions. In the auction of Government Securities (SUN) yesterday, the government managed to record incoming bids of up to IDR 52.7 trillion. This figure is higher than the previous auction of IDR 33.9 trillion. The easing of UST yield volatility to the 1.5% level has increased investor confidence to re-enter the auction. Meanwhile, the high level of domestic liquidity supported the current auction bids. In more detail, FR087 is able to collect the highest bid of almost IDR 20 trillion. Then followed by FR086 more than IDR 12 trillion. This indicates that market players are still waiting and seeing, because they have not entered into long tenors maximally. As for the SUN auction at the end of April 2021, the government managed to absorb IDR 28 trillion worth of funds.
Mandiri Tunas Finance Releases IDR 1.4 Trillion Bonds. Mandiri Tunas Finance (MTF) will again increase capital through the issuance of Phase II Mandiri Tunas Finance Sustainable Bonds in 2021 amounting to IDR 1.4 trillion. These bonds are part of the Sustainable Public Offering (PUB) V with a total value of IDR 5 trillion. The bond issuance by a subsidiary of Bank Mandiri (Persero) Tbk consists of two series, namely Series A and B Series Bonds. Series A bonds have a principal amount of IDR 915.15 billion with a fixed interest rate of 7.00% per annum and a period of three years. Series B bonds have a principal amount of IDR 485.70 billion with a fixed interest rate of 7.65% per annum and have a term of five years. The bonds are rated idAA + with a stable outlook from the Indonesian Rating Agency (Pefindo). (Investor Daily)
Three Manufacturing Sectors Print the Best Export Performance. The trade balance for the non-oil and gas processing industry during January-March 2021 experienced a surplus of USD 3.69 billion. This positive achievement was the result of the increased export performance of the manufacturing sector during that period. There are three sectors that make the export performance of these manufactures brilliant. The largest was the food and beverage industry with a contribution of USD 9.69 billion, followed by the base metal industry with USD 5.87 billion, and the chemical and chemical goods industry amounting to USD 4.18 billion. (Kontan)
UST Yields Soar, As US Inflation Concerns Ease Ease. This sentiment has the opportunity to make the SUN market movement mixed again today. Investors can again pay attention to short and medium tenors, such as FR0086 and FR0087. On the other hand, the increase in active cases of the Covid-19 virus globally, has the opportunity to make market players tend to avoid long tenors. Investors can selectively buy FR0088 and FR0083, in the midst of waiting for the results of the Fed meeting. On the other hand, the release of US Consumer Confidence data stands at 121.7, which is the highest position in the last 14 months.