US Treasuries Weaken, Local Bond Markets Potentially Rise

By : Abraham Sihombing And Aldo Bella Putra | Wednesday, August 30 2017 - 21:00 IWST

Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia
Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia

INDUSTRY.co.id - Jakarta - The domestic bond market is likely to strengthen on Wednesday trading (30/08/2017) in line with the decline in US bond yields (US). Nevertheless, market participants should keep a close watch on the various sentiments that exist, especially those sentiments that can withstand rising odds.

"Despite the rising bond market, but a decline in buying may disrupt local bond markets. The decline in current US bond yields could back up the movement of local bonds to reduce the potential for weakening, " said Reza Priyambada, an analyst at PT Binaartha Sekuritas in Jakarta, Wednesday (30/08/2017).

Previously, in the rupiah exchange rate weakened, bond market continued to increase. Meanwhile, market participants are trying to keep their position.

"The rupiah is supported by the decline in US bond yields. Meanwhile, demand for market players to the value of assets that can survive in the long term (safe haven), including bonds continue to rise," said Reza.

Meanwhile, the depreciation of the US dollar as the lack of market response to the Trump Administration helped sustain the increase in these minimal risk assets. (Abraham Sihombing)

News Comment

Today's Industry

Minister of Finance Sri Mulyani Indrawati (Photo by PR of Cabinet Secretariat)

Senin, 21 Juni 2021 - 22:37 WIB

Finance Minister Pushes for Speeding Up Regional Fund Usage

Realization of funds transferred to the regions for COVID-19 management needs to be accelerated, Minister of Finance Sri Mulyani Indrawati has said.

vaccine arrives at Soekarno Hatta International Airport in Tangerang, Banten

Senin, 21 Juni 2021 - 21:40 WIB

10 Million Sinovac COVID-19 Vaccine Bulks Arrive in Indonesia

As many as 10 million Sinovac-manufactured COVID-19 vaccines in the form of raw material or bulk Sunday (20/06) arrived at Soekarno-Hatta airport in Tangerang city, Banten province.

President Jokowi inspects mass COVIID-19 vaccination at Bogor Railway Station, Thursday, (17/06). Photo by: BPMI of Presidential Secretariat.

Senin, 21 Juni 2021 - 20:30 WIB

Minister Orders KAI to Provide COVID-19 Random Tests at Commuter Line Stations

Minister of Transportation Budi Karya Sumadi has ordered state railway company PT KAI to provide COVID-19 random tests for passengers of Greater Jakarta commuter line (KRL Jabodetabek).

Vice President Ma’ruf Amin. (Photo by: Vice President’s Secretariat)

Senin, 21 Juni 2021 - 19:23 WIB

VP Ma’ruf Amin: 40% of Gov’t Goods, Services to be Procured from Local MSMEs

The Government continues to promote the use of domestic products through allocation of Micro, Small, and Medium-sized Enterprises (MSMEs) products of at least 40 percent for the Government’s…

Vice President Ma’ruf Amin during Closing of National Conference on Public Security and Defense System, at Sentul, West Java province, Friday (18/6). (Photo: Vice President Secretariat)

Minggu, 20 Juni 2021 - 19:24 WIB

VP Calls for Increased Role of Security, Defense System Amid Global Challenges

The role of security and defense system should be strengthened to protect the entire nation, state and all citizens in facing the increasing global challenges, Vice President Ma’ruf Amin has…