One Pager Series — SIMINVEST Bond Pharos
Indonesian bond yields were mixed as the 5Y–10Y curve steepened by 1.1 bps, with the INDOBeX Composite slipping 0.05% to 431.462. On the macro front, US labour data stayed firm as announced job cuts fell to a four-year low of 529,914 through August while hiring plans hit their highest since 2023, and initial claims eased to 203,000 against expectations of a rise, reinforcing the full-employment narrative. Meanwhile, newly reconfirmed Bank Indonesia Governor Destry Damayanti pledged to focus on impactful policies, and PEFINDO cut PT Industri Kereta Api five notches to idBB from idA- with a Negative outlook on prolonged KCI delivery delays.