The trade balance surplus in line with export growth, with imports being maintained, became a positive catalyst for yesterday’s trade. Benchmark SUN closed mixed, with yields on FR0093 and FR0092 at around 7.45%. The movement of the SUN market is in the midst of the depreciation of the rupiah which is approaching the psychological level of IDR 14,700. For the record, April’s trade balance surplus was worth USD 7.5 billion. This surplus, can increase the Cadev April which had fallen to USD 135.7 billion. Meanwhile, this April surplus exceeded market expectations of +USD 4 billion, and March +USD 4.5 billion.

Download full report HERE.