External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

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Macroeconomics

<ul><li>The Bank of Japan's plan to halve its bond purchasing program will be crucial for the Yen, triggering concern about carry trade unwind risk.</li><li>While not entirely immune, Indonesia's impact should be manageable due to its low foreign position and minimal Yen-denominated debt.</li><li>Despite recent positive economic data, Fed rate cut expectation in Sept remain firmed. BI will also limit the issuance and ownership of SRBI.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Bank of Japan's plan to halve its bond purchasing program will be crucial for the Yen, triggering concern about carry trade unwind risk.While not entirely immune, Indonesia's impact should be manageable due to its low foreign position and minimal Yen-denominated debt.Despite recent positive economic data, Fed rate cut expectation in Sept remain firmed. BI will also limit the issuance and ownership of SRBI.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Tuesday, Jul 29 , 2024

<ul><li>As of July 5, 2024, the 10-year US Treasury yield went down by 8 basis points to 4.28%, compared to 4.36% on June 28, 2024.</li><li>The decreasing trend during last week was also attributed by weaker economics indicators such as PMI and labor data.</li><li>During the same period, the 2-year US Treasury yield also declined by 11 basis points to 4.60%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

As of July 5, 2024, the 10-year US Treasury yield went down by 8 basis points to 4.28%, compared to 4.36% on June 28, 2024.The decreasing trend during last week was also attributed by weaker economics indicators such as PMI and labor data.During the same period, the 2-year US Treasury yield also declined by 11 basis points to 4.60%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jul 08 , 2024

<ul>
<li>The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.</li>
<li>The fiscal deficit would surpass 4% if the Debt-to-GDP ratio approaches 48%. More comprehensive fiscal design should result in more clarity.</li>
<li>The DXY is stronger on a weaker Yen as the BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.
The fiscal deficit would surpass 4% if the Debt-to-GDP ratio approaches 48%. More comprehensive fiscal design should result in more clarity.
The DXY is stronger on a weaker Yen as the BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jun 19 , 2024

<ul><li>Global rate cuts are gradually unfolding with several prominent central banks cutting rates. Bank of England is next in line.</li><li>A potential change in tone at this week’s FOMC with the latest data pointing toward further moderation in growth factors.</li><li>A weaker IDR and sluggish growth momentum continue to weigh on overall market sentiment, and this could protract market inertia.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Global rate cuts are gradually unfolding with several prominent central banks cutting rates. Bank of England is next in line.A potential change in tone at this week’s FOMC with the latest data pointing toward further moderation in growth factors.A weaker IDR and sluggish growth momentum continue to weigh on overall market sentiment, and this could protract market inertia.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jun 10 , 2024

<ul><li>Decisions are contingent upon the dataset Federal Reserve members are currently awaiting additional corroborating data to affirm the necessity of commencing the reduction of its benchmark interest rate.</li><li>Despite expressing uncertainty regarding the imminent return of inflation to the 2% threshold, these members maintain the view that the downward trajectory of inflation persists.</li><li>However, recent data points indicate a moderation in the United States economy, as evidenced by the downward revision of the second-quarter 2024 US GDP during its second reading. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Decisions are contingent upon the dataset Federal Reserve members are currently awaiting additional corroborating data to affirm the necessity of commencing the reduction of its benchmark interest rate.Despite expressing uncertainty regarding the imminent return of inflation to the 2% threshold, these members maintain the view that the downward trajectory of inflation persists.However, recent data points indicate a moderation in the United States economy, as evidenced by the downward revision of the second-quarter 2024 US GDP during its second reading. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Monthly Update Economic & Fixed Income Research May 2024

Indonesia 10Y (GIDR10YR INDEX)

BRIDS Weekly Update Economic & Fixed Income Research Tuesday, Jul 29 , 2024

The Bank of Japan's plan to halve its bond purchasing program will be crucial for the Yen, triggering concern about carry trade unwind risk. While...

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jul 08 , 2024

Similarly, the yield on Indonesian Government Bonds (INDOGB) 10-year decreased by 1 basis points to 7.07% on July 5, 2024, down from 7.08% on June...

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jun 19 , 2024

The DXY is stronger on a weaker Yen as the BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jun 10 , 2024

Global rate cuts are gradually unfolding with several prominent central banks cutting rates. Bank of England is next in line. A potential change...

BRI Danareksa Research

BRIDS Monthly Update Economic & Fixed Income Research May 2024

Despite expressing uncertainty regarding the imminent return of inflation to the 2% threshold, these members maintain the view that the downward...

BRI Danareksa Research