The total incoming bids on 7 January 2020 which was the first auction in 2020 reached IDR81.5 trillion. This amount is the largest since February 2019 which reached IDR93.9 trillion. Meanwhile, the total winning bids in this auction were IDR20 trillion. This amount exceeds the indicative auction target of IDR15 trillion. Iran fired a series of rockets at two U.S.- Iraqi airbases early Wednesday morning Baghdad time, the Pentagon said, in the first Iranian response to the killing of General Qassem Soleimani by American forces last week. The Islamic Revolutionary Guard Corps earlier claimed responsibility for the barrage, which the Pentagon said was launched from Iran and targeted the Ayn al-Asad base in western Iraq and another facility in Erbil. It wasn’t immediately clear whether there were casualties or major damage from the attacks. (Bloomberg) The rush to haven assets after Iran’s retaliation to the killing of General Qassem Soleimani has sent benchmark U.S. yields tumbling through their recent uptrend. Stocks sold off and Treasuries climbed alongside the yen and Swiss franc after Iran fired a series of rockets at two U.S.-Iraqi airbases early Wednesday morning Baghdad time. The 10-year Treasury yield fell as much as 11 basis points to 1.7%, its lowest since December, breaking below the uptrend it had been in since early September. (Bloomberg) Source: Danareksa Sekuritas Debt Research Photo by Silas Baisch on Unsplash