One Pager Series — SIMINVEST Bond Pharos
Indonesia’s bond market was mixed, with the 10Y INDOGB yield rising 3.2bps to 7.10% and the 5Y–10Y curve steepening 2.5bps, while INDOBeX Composite fell 0.07% to 439.425. Global risk sentiment eased as Brent slipped toward US$99/bbl, but higher U.S. front-end yields and Indonesia’s fiscal concerns kept pressure on local bonds. On the credit side, Pindo Deli and Hutama Karya remain well-funded ahead of maturities, while the SBSN auction attracted IDR26.9tn of bids with IDR11.0tn accepted, reflecting solid demand.