The majority of the benchmark series Government Bond (SUN) prices closed higher, with the highest increase in the 15-year tenor FR0088 closing at 101.14, according to Bloomberg data. FR0088 price continues strengthening above par this week. Investors are interested in the SUN benchmark to replace FR0080, after being depressed to the price level of 99.92 last Thursday. On the other hand, yesterday’s movement on the SUN market was amidst the easing of volatility in the stock market. Market participants are now starting to return to risky assets and are starting to leave safe haven assets. The market movement yesterday was also in the midst of waiting for the release of Indonesia’s Gross Domestic Product (GDP) data and foreign exchange reserves on Friday.
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