Stock market volatility has made investors interested in SBN again. The benchmark 10- year SUN records yield decline of more than 11 bps. Previously, stock investors had anticipated an FFR increase of 75 bps, in line with the movement of the JCI which was relatively flat for a week, and the movement of the Rupiah was maintained. This can be seen from DXY which fell to a level of 106.45 yesterday, after touching a high level of 108.54 in mid-July.

Corporate Bonds
BCA Finance Recorded 5.9% Profit Growth. Closing the first half of this year, PT BCA Finance was still able to record a positive performance. Where, the company recorded profit grew 5.9% compared to the same period last year. BCA Finance’s profit for the year in the first half of this year was recorded at IDR 853 billion. This is higher than the first half of last year which was valued at IDR 804 billion. The increase in the profit of BCA’s subsidiary was supported by the increase in revenue earned. The company’s revenue was recorded at IDR 1.72 trillion, which means an increase of around 3.44% YoY. (Kontan)

Domestic Issue
State Budget Semester I 2022 Surplus. The State Revenue and Expenditure Budget (APBN) until the first semester of 2022 is in very good condition by recording a surplus of IDR 73.6 trillion or 0.39% of gross domestic product (GDP). This figure was driven by an increase in tax, excise and non-tax state revenues (PNBP). Meanwhile, this surplus condition is also due to the fact that the absorption of government spending is still low, indicating that the state budget turnover in the domestic economy is still minimal. (Kontan)

The Government will Auction Seven Series of SUN. The government will again hold an auction of Government Securities (SUN) on Tuesday next week, setting an indicative target of IDR 15 trillion—IDR 22.5 trillion. Meanwhile, the seven series are: SPN03221102, SPN12230413, FR0090, FR0091, FR0093, FR0092, and FR0089.

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