Indonesian government bond yields for the 5Y and 10Y tenors declined by 2.1 bps and 4.5 bps, respectively, to 6.52% and 6.83%, narrowing the 5Y–10Y spread and lifting INDOBeX by 0.17%, while macro updates show a slight increase in the Fed’s balance sheet, slowing growth in Indonesia’s M2, and Bank Indonesia’s move to expand FX repo instruments to support liquidity and rupiah stability; meanwhile, PEFINDO affirmed BCAP’s idBBB+ rating with a stable outlook, supported by a conservative capital structure but constrained by weak recurring income.