One Pager Series — SIMINVEST Bond Pharos
Indonesian government bonds traded mixed, with the 5Y yield (FR104) falling 1.4bps to 6.96% while the 10Y yield (FR0108) edged up 0.1bps to 7.18%, steepening the 5Y–10Y curve by 1.5bps. The INDOBeX Composite rose 0.01% to 439.953. Domestically, Indonesia’s car sales increased 28.1% YoY in September despite a 2.7% MoM decline, marking the fifth consecutive month of annual growth. The government also set an indicative IDR30tn target for its October 13 SUN auction, with a maximum target of IDR45tn. In the US, the Federal Reserve’s balance sheet increased by USD4.53bn to USD6.75tn in the week ended October 8. On the corporate front, INKP and OPPM fully repaid their respective USD-denominated bonds and rupiah debt instruments on October 12, 2026, including OPPM’s IDR1.61tn bond and IDR1.04tn green bond.