The rupiah-denominated assets closed mixed on Friday (24-Oct). The JCI was largely unchanged, slipping -0.03% to 8,271.72 (vs. +1.49% prior; YTD: +16.83%), with the daily turnover rising to Rp22.4tn (vs. Rp21.0tn prior; YTD avg.: Rp16.5tn). Foreign investors continued to post net inflows of +Rp1.15tn (vs. +Rp1.08tn prior), reducing the YTD outflows to Rp47.3tn. Regionally, Asian equities traded higher; the Nikkei 225 Index gained +1.33% (YTD: +25.4%) following Prime Minister Takaichi s announcement of a new fiscal stimulus package, while the Shanghai Index rose +0.71% (YTD: +21.0%) as Beijing reiterated its commitment to technological self-sufficiency.<\/p>\n\n\n\n
In the bond market, INDOGB yields eased slightly despite continued foreign net outflows of -Rp1.92tn (vs. -Rp1.19tn prior), according to the CTP PLTE data. Per Bloomberg, the 5-yr FR104 closed at 104.61 (+0.02%), yielding 5.38% (-0.5 bps); the 10-yr FR103 at 105.64 (+0.01%), yielding 5.97% (-0.1 bps); the 15-yr FR106 at 107.62 (+0.05%), yielding 6.32% (-0.6 bps); and the 20-yr FR107 at 107.29 (-0.01%), yielding 6.47% (+0.1 bps).Offshore, the USD 5-yr global bond yield edged down to 4.29% (-0.4 bps), while Indonesia s 5-yr CDS tightened to 80.09 bps (-1.07 bps). Meanwhile, the rupiah strengthened modestly by +0.15% to Rp16,595\/USD (vs. -0.27% prior; YTD: -3.06%).<\/p>\n\n\n\n
According to IDX s OTC trading report, Indonesian government bond trading activity eased further, with total volume declining to Rp29.2tn (vs. Rp31.9tn on 23-Oct). The figure fell below both the current week s daily average of Rp34.9tn and the 2025 year-to-date (YTD) daily average of Rp33.0tn, while remaining comfortably above the 2024 daily average of Rp21.7tn. The 5-yr FR0104 series (maturing on 15-Jul-30) led market activity, recording Rp8.6tn in trading volume (vs. Rp7.5tn previously). Its price remained relatively flat at 104.55, yielding 5.39% (-0.06 bps). This was followed by the 10-yr FR0103 series (maturing on 15-Jul-35), which booked Rp5.7tn in trading volume (vs. Rp4.2tn previously). Its price also stayed largely unchanged at 105.65, yielding 5.97% (-0.02 bps).<\/p>\n\n\n\n
As of 23-Oct, foreign ownership of government bonds fell to Rp885.2tn (13.74% of outstanding). Year-to-date, Bank Indonesia remains the largest net buyer (+Rp145.5tn), followed by onshore banks (+Rp123.2tn), insurance & pension funds (+Rp83.9tn), mutual funds (+Rp31.6tn), others (+Rp17.5tn), and foreign investors (+Rp8.6tn), while retail investors recorded net selling of -Rp5.3tn.<\/p>\n\n\n\n
On a weekly basis, rupiah assets delivered mixed performance: equities rebounded strongly (+4.46%), the 10-yr INDOGB yield rose +3.8 bps (vs. -16.3 bps prior), the USD INDOGB yield declined by -8 bps, and the rupiah weakened slightly (-0.06%). Foreign investors recorded net inflows of +Rp4.23tn in equities and net outflows of -Rp3.60tn in bonds.<\/p>\n\n\n\n
Over the week, the average daily government bond trading volume eased to Rp34.9tn (vs. Rp38.8tn in the prior week). The 5-yr FR0104 series remained the most actively traded benchmark, with total weekly volume slightly easing to Rp31.2tn (vs. Rp32.7tn in the previous week).<\/p>\n\n\n\n
Domestic Corp Bond Market<\/strong><\/p>\n\n\n\n On the corporate side, bond trading activity surged on Friday (24-Oct), with total volume more than doubling to Rp5.5tn (vs. Rp2.5tn on 23-Oct). The figure surpassed both the current week s daily average of Rp3.9tn and the 2025 YTD average of Rp3.9tn, while remaining well above the 2024 daily average of Rp2.05tn.<\/p>\n\n\n\n The CUAN01ACN2 series (maturing on 24-Oct-30), rated idA, which debuted in the secondary market, led the segment with Rp957bn in trading volume. The bond traded at par (100.00), yielding 8.50%. This was followed by the SWCUAN01BCN2 series (maturing on 24-Oct-32), rated idA(sy), which also debuted in the secondary market and recorded Rp779bn in trading volume. The bond traded at 99.75, yielding 9.05%.<\/p>\n\n\n\n Over the week, the average daily corporate bond trading volume edged up to Rp3.9tn (vs. Rp3.2tn in the prior week). The 5-yr CUAN01ACN2 series (maturing on 24-Oct-30), rated idA, emerged as the most actively traded corporate bond, recording a total weekly volume of Rp957bn.<\/p>","protected":false},"excerpt":{"rendered":" The rupiah-denominated assets closed mixed on Friday (24-Oct). The JCI was largely unchanged, slipping -0.03% to 8,271.72 (vs. +1.49% prior; […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[7],"tags":[],"class_list":["post-6065","post","type-post","status-publish","format-standard","hentry","category-market-research"],"_links":{"self":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/6065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/comments?post=6065"}],"version-history":[{"count":1,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/6065\/revisions"}],"predecessor-version":[{"id":6066,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/6065\/revisions\/6066"}],"wp:attachment":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/media?parent=6065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/categories?post=6065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/tags?post=6065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}