The Surplus in the Trade Balance Supports the SUN Market. Indonesia’s trade performance which recorded a surplus of USD 4.53 billion (Vs. Cons. USD 3 billion),
surpassing the previous month which recorded a surplus of USD 3.83 billion, supporting the movement of the Government Bond (SUN) market yesterday. Market participants also anticipate BI’s Dovish stance, maintaining the April BI Seven Days Reverse Repo Rate at 3.50%. On the other hand, yesterday’s SUN movement was in the midst of the 10-year US Treasury yield approaching the psychological level of 3%.
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