Sucor Daylight - 26 July 2021
Written by Sucor Research Team
26 July 2021
Market Review Indonesia’s 10-year gov’t bonds yields were flat at 6.31% on Friday (23/7/2021). The yield on the benchmark 10-year Treasury note added 3 basis points, climbing to 1.288%. The IHS Markit US Composite PMI dropped to 59.7 in July 2021, easing market concerns on the Fed's monetary outlook for easing monetary policy support for the US economy. In domestic, we believe that the extension of the PPKM policy with ease of restrictions in some areas will give a positive catalyst for the rupiah exchange rate and the Indonesian bond market. Bond Recommendations: PBS027; FR0091; FR0088.
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