Indonesian 10-year CDS was closed at 213.32 or an improvement from the highest level of 400 in mid-March 2020. This indicates a lower investment risk profile in Indonesia which in turn pushes incoming bids for FR0082. This 10-year benchmark recorded an incoming bids of IDR 44.84 Trillion or the highest of the seven series offered on SUN Auction on Tuesday (06/02). The high bidding number also signals that interests on SUN have returned. As information, yesterday’s total bid of IDR 105.27 Trillion was one of the highest number since February 2020 bid of IDR 127.12 Trillion. From external side, positive news came from bond market-related stimulus in United States, Europe, and Japan, while most Central Banks have adopted easing monetary policy.

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