Foreign Investment in Indonesian Government Bonds
Last week’s net sell of IDR1,115.6 trillion outflowed from Indonesian government bonds (SBN). Indonesia Composite Bond Index (ICBI) nudged up 0.63% into IDR253.19, intensely driven by Jokowi’s effects. Quick count showed than Jokowi-Amin temporarily outpaced its opponent: Prabowo-Sandiaga. On the flip side, less trading days due to national election day and Easter festive lessen sentiments, driving prices of SBN.
Auction of SBNS
Indonesian authorities secured funds worth IDR6.06 trillion from the total incoming bid of IDR18.51 trillion at last week’s auction of Indonesian Sharia Government Bonds (Surat Berharga Negara Syariah, “SBNS”). The amount secured was higher than the indicative target of IDR6 trillion. SBNS with 6-month tenor, SPNS03102019, obtained the biggest bid of IDR5.93 trillion.
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