One Pager Series — SIMINVEST Bond Pharos
Indonesia government bond yields closed broadly higher, with the 5Y–10Y curve flattening 0.8bps, while the INDOBeX Composite rose 0.06% to 438.565. Macro-wise, Japan’s foreign securities holdings hit a record US$87.8bn, potentially signaling intervention-related Treasury sales, while Indonesia’s FX reserves increased to US$146.5bn in August. US payrolls surprised to the upside at 162K, although unemployment held at 4.1%. Domestically, the government will hold an SBSN auction on 8 September, while OPPM’s ~IDR2.9tn + US$1.1mn debt matures on 12 October 2026 and is expected to be repaid using internal funds.