• bond market

    • bond market
    • bond market
      • December-2020: Global Financial Markets Remain Conducive to Foreign Investment Inflows
        We believe that external sentiment will continue to support the Indonesian bond market's performance in the short term. Global investors are optimistic that the rapid economic recovery is on track. The encouraging development of the COVID19 vaccine is a positive sentiment representing a leading indicator that the economic recovery will materialize in the near future. Another driving factor contributing to the accelerated recovery of the global economy is the economic stimulus. More detail ...
      • October-2020: Corporate Bond Yield Rose Slightly as Investors Demanded Higher Premiums
        Corporate bond yields tended to rise at the end of the second quarter of 2020. Compared to the end of July 2020, the yield on corporate bonds with an AAA rating increased by 40-85 basis points. As of October 9, 2020, the yield for a one-year tenor rose 40 bps to 5,621%, and three-year and five-year tenors increased 62 bps and 85 bps to 7.191% and 7.699%. Weakening household demand weighed on company financial profiles, increasing the risk of default, and encouraging investors to demand higher premiums. More detail ...
      • August-2020: Corporate Bonds Effective Yield of Corporate Bonds Fell In Line with Government Bonds
        Low government bond yields pushed down corporate bond yields, which should make new funding costs less expensive. The effective yields of three-year and five-year corporate bonds fell from 8.043% and 8.598% at the end of March 2020 to 6.561% and 7.172 respectively, on August 7, 2020. More detail ...
      • June-2020: Easing Economic Policy Amid The COVID-19 Pandemic
        We expect continued loose economic policies in the foreseeable future. Many countries are wary of the possibility of a recession due to the COVID-19 pandemic, which means we see the potential for global interest rates to remain low in line with the easing of monetary policy. More detail ...
      • April-2020: The Countercyclical Policy Effect on the
        PEFINDO is of the view that soon after the World Health Organization (WHO) declared COVID-19 a pandemic on March 11, the global financial market rapidly moved into unprecedented territory. The yield on Indonesia’s 10-year government bond jumped 140 basis points (bps) from 6.97% on March 11 to 8.37% on March 24. Pressure further increased when global oil prices tumbled below zero for the first time in history. Luckily, the countercyclical policy response with ultra loose monetary policy and fiscal stimuli from many countries, including Indonesia, gives rise to expectations that economic conditions would soon ease and economies will start to recover. More detail ...
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