Government Bond Highlights
At the last week’s auction of the government bonds (SBN) dated 01/03/2019, the government of Indonesia succeeded to secure the funds amounting to IDR28.2 trillion from the total incoming bid of IDR55.2 trillion. The amount absorbed was much higher than the indicative target of IDR15 trillion. SBN with 5-year tenor, namely FR0077, obtained the biggest bid worth IDR16.7 trillion.
Last week, Indonesia Composite Bond Index (ICBI) lowered slightly by 0.09% to 240.69. SBN endured corrections at the end of this week amid the shutdown in the U.S. administration and a slowdown in the global economy. The decline in SBN’s prices was inharmonious with the appreciation of other emerging markets’ SBN.
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