One Pager Series — SIMINVEST Bond Pharos
Indonesian government bond yields rose across all benchmark tenors on November 2, 2026, led by the 10-year FR0108, which increased by 16.7 bps to 7.79%, widening the 5Y–10Y spread by 8.1 bps, while benchmark sukuk yields climbed by 1.6–8.1 bps and the INDOBeX Composite edged up 0.02% to 431.516. In global markets, US stock futures rebounded as Brent crude fell below US$110 amid renewed diplomatic optimism over Iran, while the Federal Reserve’s balance sheet declined to US$6.75 trillion. Domestically, Indonesia posted a September trade surplus of US$3.36 billion, exceeding the US$1.9 billion consensus, while manufacturing PMI rose to 54.0, its highest level since March 2024, and October inflation eased to 3.23%, remaining within Bank Indonesia’s 1.5–3.5% target range. Meanwhile, the government plans to raise up to IDR10 trillion through its November 3 sukuk auction, while Indomobil Finance and SMI reported bond maturities and repayments.