JCI moved relatively flat during the last week which fell slightly 0.5% to 6,094. And also the yield of the 10-year INDOGB which edged up 2.3 bps to 6.16%.
With many crackdowns by Chinese government, fund flows search better places at the moment.
The PUAB overnight rate (JIBOR) and 1month deposit rate keep decreasing by 52 bps and 160 bps from August 2020 to 2.78% and 3.47%
In August the Fed has finally sent a bold signal that tapering will come later in this year. This is being discussed in the Fed last meeting.
Investors finally got a strong signal from the Fed that tapering on asset purchase will soon happen later in this year.
Mandiri Investasi recognized globally by Alpha Southeast Asia as The Best Asset Manager and The Best Islamic Asset & fund Manager.
JCI rose 1.4% and LQ45 jumped 3.3% to 6,126 and 873, respectively. Meanwhile, 10-year INDOGB was still relatively strong at 6.13%.
JCI rose 11 points (+0.2%) after being pushed the previous week. In contrast to the 10-year INDOGB yield, which rose 18 bps to 6.16%.
Cooperation between government and Bank Indonesia in the second year of pandemic.
During July, the government imposed PPKM level 4 due to a significant increase in Covid-19 cases in Indonesia.
