Sukuk Auction Below Target. High yield expectations have made the government selective in winning the Sukuk auction yesterday. The government only managed to get IDR 6.2 trillion in fresh funds from the IDR 9 trillion indicative target. High yield expectations, as market players worry that high inflation will persist for a while; as a result of rising commodity prices. On the other hand, the third round of negotiations between Ukraine and Russia has not resulted in a meaningful decision to end the conflict between the two countries.

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