The Central Statistics Agency (BPS) reported that exports in April 2021 were valued at USD 18.4 billion or grew 51.9%. Meanwhile, import performance for the same period was only valued at USD 16.29 billion, an increase of 29.93%, resulting in a trade balance surplus of USD 2.1 billion. For the record, Indonesia’s trade surplus has occurred in the last 12 months. This positive sentiment sustained pressure on the Government Securities (SUN) market yesterday, amid the strengthening of the Jakarta Composite Index (IHSG) and the decline in UST yield. Based on data from NH Korindo Sekuritas Indonesia, the 10-year benchmark FR0087 recorded an increase in yield to the level of 6.48% or an increase of 3 bps from the previous day’s close.
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