The benchmark series Government Bond (SUN) prices closed slightly higher on Friday (27/11) amid the lack of positive sentiment. Yields on the short 5-year FR0081 and 20-year long-tenor FR0083 are hovering around the 5% and 7% levels, respectively. In the previous SUN auction, foreign investors were interested in long tenors. This can be seen from the increasingly competitive yield, with a decrease in the weighted average yield (WAY), both for the FR0086, FR0087, FR0080 and FR0083 series. This mid-November SUN auction was the fourth highest throughout the 2020 current period. The total bid was IDR 104.7 trillion, or up 57.6% from the previous auction, with the Bid to cover ratio also increasing from 2.24x to 4. 26x.

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