The Fed’s Dovish Support Sukuk Auction. Based on data from the Directorate General of Financing and Risk Management, it recorded an incoming bid of IDR 56.6 trillion. This figure exceeds the previous sukuk auction value of IDR 52.46 trillion. Market participants responded positively to the Fed’s dovish stance, and the United States (US) employment data lower market expectations. Domestically, investors’ interest was supported by positive sentiment on the reduction in income tax (PPh) on bond yields from 15% to 10%.

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