The wait and see attitude of market players is waiting for the Fed’s comments regarding inflation. All benchmark series Government Bonds (SUN) recorded an increase in yield of around 3 bps, with the yield of FR0087 closing at 6.48%. The increase in SUN yield was also in line with the increase in yield on US Treasury (UST) from 1.62% to 1.64%. Investors are relatively restrained ahead of the announcement of the results of the Federal Open Market Committee (FOMC) of the Fed which will be announced on Wednesday local time or Thursday morning Indonesian time.
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