The Government Securities (SUN) market closed mixed, with yield inversions occurring again at the 10-year and 15-year benchmarks. Yields FR0087 and FR0088 closed at 6.17% and 6.11%, respectively, based on Bloomberg data. The official mass vaccination process began last Wednesday. Although the vaccination process throughout Indonesia will take a long time, it creates hopes for domestic economic recovery. The trade in SUN yesterday was also in the midst of waiting for the release of Indonesia’s trade balance data at the end of 2020. This December 2020 trade balance performance will support the trade surplus throughout 2020.

Download full report HERE.