One Pager Series — SIMINVEST Bond Pharos
Indonesian government bond yields were mixed, with the 10Y yield rising 3.2bps to 7.20% and the 5Y yield falling 3.3bps to 6.96%, steepening the 5Y–10Y curve by 6.5bps, while INDOBeX Composite edged down 0.01% to 439.506. The Fed maintained a hawkish outlook, with policymakers anticipating another rate hike by year-end, while Indonesian vehicle sales remained strong as September motorcycle and car sales grew 15.37% and 28.1% YoY, respectively, despite softer consumer confidence at 118.1. Meanwhile, MORA plans to repay its IDR267.28bn sukuk through external financing, while Bank BJB will settle its IDR74bn bond using internal funds.