Fixed Income Daily One Pager Series — Daily Bond Lantern
Indonesia’s fixed-income market faced broad-based selling pressure, with benchmark government bond yields rising across the curve and the 5Y–10Y spread steepening by 9.4 bps as the 10-year yield increased more sharply than the 5-year yield. Consequently, the INDOBeX Composite Index declined 0.83% to 422.853. Despite weaker bond market performance, sentiment was supported by reports of a U.S.–Iran ceasefire agreement that helped ease geopolitical risks, Bank Indonesia’s tighter foreign-exchange oversight to support rupiah stability, and positive credit developments as PEFINDO reaffirmed Antara’s idAA- rating and assigned an idA rating to PALM’s latest bond issuance.