
8 July 2020
High yield expectations, government did not win PBS028
Based on data from the Directorate General of Financing and Risk Management (DJPPR), incoming bids PBS028 (new issuance) yields up to 8.37% or higher than our previous projection between 8.15% -8 , 20%. These projections use the benchmark yields of PBS005 (43-years) and PBS015 (47-years), which are at the level of 8.05% and 8.36%, respectively.