Government Bonds
The price of Government Bonds (SUN) closed mixed yesterday, amid a decline in UST yields, after the US Consumer Confidence Index (IKK) increased to 127.3, or the highest level since February 2020. On the other hand, yesterday’s market movement was also amid the government’s move. is finalizing the implementation of the Micro Emergency Community Activity Restriction (PPKM).

Corporate Bonds
SMI Plans to Issue Securities This Year. Sarana Multi Infrastruktur (Persero) or SMI plans to issue bonds and sukuk this year. The company is looking at the right momentum, capitalizing on the positive performance achievements of the first semester of 2021. Most recently, SMI offered US dollar-denominated global bonds worth USD 300 million, with an initial coupon of 2.4% and a 5-year tenor. For the next securities issuance plan, SMI does not only look at conventional instruments. (Bisnis Indonesia)

Government Exempts VAT on Store Rentals in Malls. The government will provide tax incentives in the form of exemption from value added tax (VAT) on shop rentals in malls, valid for three months, namely for the tax period from June to August 2021. That way, shop tenants in shopping centers can still take advantage of government-borne VAT incentives ) June, although the month period will end today (30/6). This is because the deadline for reporting the June SPT period falls at the end of next July. Furthermore, the provision of this incentive is to encourage the related business world, considering that the government will hold the Implementation of Emergency Micro Community Activity Restrictions (PPKM) starting from July 2 to July 20, 2021. (Kontan)

Look at Inflation and PMI Data. Market participants will pay close attention to the release of the June Consumer Price Index (CPI) domestic economic data, and the Manufacturing PMI, amid anticipating the impact of the implementation of Emergency PPKM. From the external side, US payroll data reported an increase of 692K in June, higher than the consensus forecast.